RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
RBI GRADE-B (DEPR)
INDIAN
Lecture-2
ECONOMY
Bliss Point Studies Mahima Pruthi
RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
Fiscal Policy
Fiscal policy is defined as the policy under which the government uses the instrument
of taxation, public spending and public borrowing to achieve various objectives of
economic policy.
Bliss Point Studies Mahima Pruthi
RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
Taxation:
In the concept of taxation, 2 very important components discussed by the survey.
• Govt has been using the taxation on the fuel as flexi – fiscal policy tool .
• Usage of Customs and Excise duties act as Flexi- fiscal policy tools.
• GST - Has the shift to GST improved or worsened the buoyancy of India's indirect
tax system.
Bliss Point Studies Mahima Pruthi
RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
Maturing system of indirect Tax collections
Bliss Point Studies Mahima Pruthi
RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
Govt Expenditure - Capex
Bliss Point Studies Mahima Pruthi
RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
Govt Expenditure - Revenue
Govt Expenditure - Capex
Bliss Point Studies Mahima Pruthi
RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
Government Reforms
• Improved transparency
• Merger of Railway Budget
• Discontinuation of planned and non- planned expenditure
• Fixing the budget to 1st February
Bliss Point Studies Mahima Pruthi
RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
State Government Finances
Bliss Point Studies Mahima Pruthi
RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
State Govt Finances
• Compensation cess in FY21 and FY22
• Compensation cess in FY23
• Frontloading of tax devolution
• Enhanced borrowing limits
Bliss Point Studies Mahima Pruthi
RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
Debt profile of the government
Bliss Point Studies Mahima Pruthi
RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
Debt profile of the government
Bliss Point Studies Mahima Pruthi
RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
Debt profile of the government
Bliss Point Studies Mahima Pruthi
RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
Monetary Policy
Monetary policy is a set of actions to control a nation's overall
money supply and achieve economic growth.
Bliss Point Studies Mahima Pruthi
RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
Monetary Policy
Bliss Point Studies Mahima Pruthi
RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
G- sec
Bliss Point Studies Mahima Pruthi
RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
IBC
Bliss Point Studies Mahima Pruthi
RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
Medium term growth outlook
Bliss Point Studies Mahima Pruthi
RBI GRADE B DEPR 2023 – Indian Economy Lecture - 1
Reforms
• 1991 reforms
• Reforms post 1991
- Liberalised FDI
- Telecom sector- policy was announced in 1999
- Policy on disinvesment and privatisation
- FRBM act
- Promotion and infrastructure
- Banking sector
Bliss Point Studies Mahima Pruthi