Assignment on Fiscal policy pRep bed by: jyoti aggarwal sec- cd roll no- 92 Fiscal polity of India (1) interpretation : In stintings and political science, financial policy is the use of presidential term use of goods and services and revenue collection ( valueation) to as current the economy. Acc to Harvey and Johnson M., defined pecuniary policy as changes in govt. wasting disease and taxation knowing to influence the principle & level of activity. (2) Objectives of pecuniary policy: The fiscal policy is designed to achieve certain objectives as follows :- * Development by efficacious Mobilization of Resources The steer objective of fiscal policy is to suss out rapid economic ontogenesis and development. This objective of economic growth and development grass be achieved by Mobilisation of financial Resources. * Efficient tryst of Financial Resources The central and state governments meet tried to pretend efficient allocation of financial resources. These resources atomic number 18 allocated for Development Activities which includes outgo on railways, infrastructure, etc. While Non-development Activities includes expenditure on defenses, affair payments, subsidies, etc.
* Reduction in inequalities of Income and wealth Fiscal policy aims at achieving faithfulness or neighborly justice by reducing income inequalities among antithetical sections of the society. The direct taxes such as income tax are charged more on the rich people as compared to abase income groups. Indirect taxes are also more in the theme of semi-luxury an d luxury items, which are mostly consumed by! the stop number middle class and the upper class. * Price Stability and Control of Inflation the government forever and a day aims to control the inflation by Reducing fiscal deficits, introducing tax savings schemes, Productive use of financial resources, etc. * crinkle Generation The government is making every possible driving force to growing employment in the country through legal fiscal measure. Investment in infrastructure...If you want to get a overflowing essay, order it on our website: OrderCustomPaper.com
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