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FISCAL AND MONETARY POLICY
What is fiscal policy?
Fiscal policy refers to the government's use of taxation and public expenditure to influence the economy, aiming to achieve goals like growth, employment, and price stability.
What is the Corridor System in India's monetary policy framework?
LAF corridor with SDF as floor and MSF as ceiling rate.
What is monetary policy?
Monetary policy is the process by which the Reserve Bank of India controls the money supply, interest rates, and credit availability to achieve macroeconomic objectives such as price stability and growth.
What is the current inflation target set for India under the flexible inflation targeting framework?
4% CPI inflation with ±2% tolerance band.
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