CURRENT AFFAIRS

Detailed explanation-1: -Various measures were taken by the Central Ministries along with States/UTs in terms of strengthened community surveillance, quarantine facilities, isolation wards, adequate PPEs, trained manpower, rapid response teams for management of COVID- 19.

Detailed explanation-2: -The purpose of expansionary fiscal policy is to boost growth to a healthy economic level, which is needed during the contractionary phase of the business cycle. The government wants to reduce unemployment, increase consumer demand, and avoid a recession.

Detailed explanation-3: -Definition and Examples of Fiscal Policy For example, governments can lower taxes and raise spending to boost the economy if needed; typically, they spend on infrastructure projects that create jobs and income and social programs. Or, if the economy is doing well, a government can reduce spending and increase taxes.

Detailed explanation-4: -fiscal policy, measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocations of taxes and government expenditures. Fiscal measures are frequently used in tandem with monetary policy to achieve certain goals.