Category: PUBLIC

What are the Components of fiscal expansion? The non-discretionary automatic stabilizers: Automatic stabilizers are ongoing government policies that automatically adjust tax rates and transfer payments in a manner that is intended to stabilize incomes, consumption, and business spending over the business cycle. The discretionary fiscal impulse: Actions taken in response to changes in the economy.… Continue reading Fiscal Expansion Response

What is the realistic potential of India’s Innovation ecosystem? The Indian innovation system is very multifaceted in terms of user segments and income gaps. However, central government is trying to boost innovation in the country through several schemes. Innovation in India is being planned around the triangle of collaboration, facilitation and responsible regulation. It is… Continue reading India’s innovation potential and initiatives

Offset Policy in Defence As of 2019, the Defence Ministry had signed 52 offset contracts worth $12 billion via Indian offset partners, or domestic firms. Findings of CAG report? Between 2007 and 2018, the government reportedly signed 46 offset contracts, However, the realised investments were merely 8%. Also, technology transfer agreements in the offset clause… Continue reading Offset Policy in Defence