Context: A one-off tax on windfall gains from the current equity rally could help the government spend more.
Rise of Stock Markets:
Steps Taken by the Governments: India Injected equivalent to 1% of the Gross Domestic Product (GDP) for :
Challenges of Resource Mobilization through borrowings: Recent suggestion regarding floating of COVID bonds outside of the budgetary process has the following limitations:
Way Forward: Apart from Monetization of Deficit, funding for the government outlay can be arranged from the following avenues: