COUNTER CYCLICAL FISCAL POLICY Subject : Economics Context : CEA says it is time to switch fiscal gears from cautious stance to ‘counter-cyclical’ push. Concept : Counter-cyclical fiscal policy refers to the steps taken by the government that go against the direction of the economic or business cycle. Thus, in a recession or […]

Subject: Economy Context: Think tanks want government to pursue a counter-cyclical fiscal policy when the economy faces its worst recession with millions of job losses in the wake of the Covid-19 pandemic, and the subsequent strict national lockdown. Concept: A counter-cyclical fiscal policy refers to strategy by the government to counter boom or recession through fiscal measures. […]