Masala Bonds
Understand Masala Bonds, their features, working, exchange rate risks, RBI regulations, uses, benefits and differences from foreign currency bonds for UPSC.
Understand Masala Bonds, their features, working, exchange rate risks, RBI regulations, uses, benefits and differences from foreign currency bonds for UPSC.
Understand the FRBM Act, 2003, its objectives, fiscal deficit and debt targets, escape clause, RBI borrowing restrictions and NK Singh Committee recommendations.
Understand monetisation of deficit in India, its working, the RBI’s role, the FRBM Act, 2003, Ways and Means Advances, and its positive and negative impacts.
Understand countercyclical and procyclical fiscal policy, their working during economic booms and recessions, significance, impact and key differences for UPSC.
Understand contractionary fiscal policy, how higher taxes and reduced government spending control inflation, its impact on aggregate demand and economic growth.
Understand expansionary fiscal policy, how increased government spending and tax cuts stimulate aggregate demand, its limitations and the concept of pump priming.
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