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Must Read Daily Newspaper Articles - 5th May, 2020

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4. COVID-19 and India’s fiscal conundrum(GS-3)

UPSC Syllabus Economic growth; Fiscal policy

The term 'Fiscal stimulus' is used to denote the increasing government consumption or transfers or lowering taxes. Effectively this means increasing the rate of growth of public debt, except that particularly Keynesians often assume that the stimulus will cause sufficient economic growth to fill that gap partially or completely.

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