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Fiscal Policy

Fiscal Policy: Meaning, Objectives, Fiscal Imbalance, and Deficit Financing

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Introduction Every government in the world plays a significant role in the economic development of its nation. This role is carried out not only through laws, policies, and regulations but also through its financial decisions related to revenue and expenditure. The two main instruments of economic management are monetary policy and fiscal policy. While monetary…

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PCS MAINS EXAMINATION

The Role of Infrastructure Development in Promoting Regional Economic Growth

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Introduction Infrastructure is the backbone of any modern economy. From roads, railways, and ports to power grids, internet connectivity, and urban transport systems, the development of infrastructure significantly influences a region’s ability to grow economically. Infrastructure acts as both an enabler and catalyst of development—it facilitates trade, improves access to resources and services, reduces production…

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