FISCAL POLICY AND MONETARY POLICY

The responsibility into the financial affairs within and after Corona has deepened between the government and the citizens. In the Corona times the government took care of the citizens which is and was very much welcomed and is an appreciation considering the elements of welfare state. Infrastructural development needs high inflow of money into the economy. Through its consistent efforts the Reserve Bank of India has closely monitored the economic scenario and has brought enough strength into the economy to handle the prevailing and future situations. 

So far there are very fewer instances that clashes occurred between the monetary policy of RBI and the fiscal policy of the government. Both these policies reflect the existing state of economy and joint efforts by the government and RBI for the best possibility of prosperity and development for all. These policies affect the daily life of people and the growth of the country which should be looked at minutely by both the institutions the bank and the government. The people cast their vote for a good government and the autonomous nature of Reserve Bank should not be at clash.

Advocate Ranjeet Singh