Simulator 3, Ques 57,
1. President: as per article 112, isn't it the president who causes the govt. to lay the annual financial statement.
4. NITI Aayog: In case of strategic disinvestment, the CPSEs to be disinvested shall be decided on the recommendation of authorities such as NITI Aayog.
by this logic, can we say that both these are associated with financial planning?
my confusion is mainly because of the term 'associated' here. I thought it actually makes it possible for even indirect involvements.
@govindkishore_bits1229739 that statement is directly taken from the Economic survey. you can check the government intervention chapter.
It basically explains, that when the prices of goods are high, then there are too many producers in the market but not enough consumers. Similarly, when the price is too low, there are too many consumers in the market but not enough producers. Because of this, fewer products are being sold than desirable. this is reducing welfare of both, the producer and the consumer
