Introduction This is a novel monetary policy tool aimed at reviving a faltering economy. It entails the printing of large amounts of money and distributing them to the general public. This term was coined by American economist Milton Friedman. It is a term that refers to a helicopter dropping money from the sky. Friedman used the term to signify "unexpectedly dumping money onto a struggling economy with the intention to shock it out of a deep slump."Under such a policy, a cen

Introduction The Fiscal Responsibility and Budget Management Act (FRBM) was passed in 2003. The Act's goal is to ensure intergenerational equity in fiscal management, long-run macroeconomic stability, better coordination of fiscal and monetary policy, and transparency in the government's fiscal operations. It establishes a legal and institutional foundation for fiscal consolidation. The Central Government is now required to take steps to reduce the fiscal deficit, eliminate t

Money laundering is the illicit practice of disguising huge sums of money obtained through illegal or criminal activities, such as drug trafficking or terrorist financing, as legitimate. The proceeds of illicit conduct are deemed unclean, and the process "launders" them to make them appear clean. Laundering money normally consists of three steps: placement, layering, and integration. Placement sneakily introduces "bad money" into the lawful financial system. Through a sequenc