What is Government Policy?- Know An Overview, Central Government Policies & Regulations

Government Policy

Introduction of Government Policies 

Current government policies in India are evolving rapidly, with recent changes including the demonetization of high-value currency and the introduction of new taxation policies.

India is a powerful and populous country with a rich culture, and its economy is growing rapidly. However, the government’s efforts to address economic and social challenges will continue to be scrutinized.

Latest Government Policies 

The policies of the current Indian government have generated a great deal of controversy. This is mainly due to the BJP’s pro-Hindu stance and its attempt to amend the Indian Constitution to make Hinduism the country’s official religion. Opposition members have called the BJP’s policies “fascist” and “militaristic”.

The current government has also been criticized for its lack of action on climate change, its autocratic rule, and its support for the private military industry.

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Impact of the demonetization of high-value currency 

  1. In India, the current government policies are centered around promoting economic development. 
  2. One way in which this is done is by increasing government spending. 
  3. However, this has led to an increase in the national debt, which is now at around Rs.2.5 trillion. 
  4. To fund these expenditures, the government has implemented several measures, including increases in taxes. 
  5. Additionally, the government has taken steps to increase the power of the executive branch. 
  6. This has led to increased censorship and restrictions on free speech. 
  7. Finally, the government has been aggressive in its pursuit of foreign investment, which has led to concerns about the impact it will have on the Indian economy.

New Taxation Policy in India

The current Indian government policies have led to various challenges for businesses operating in the country. The introduction of the Goods and Services Tax (GST) has been particularly problematic for businesses, as it has created administrative hassles and caused a disruption in the flow of goods. Additionally, the recent demonetization policy has led to several financial challenges for businesses.

However, despite the challenges, there are several opportunities for businesses in India. For example, the country is home to a large population of consumers, and there is a growing demand for services. Additionally, the country is developing rapidly, and there are opportunities for businesses to foray into new markets. It is important for businesses to remain aware of the current government policies and to adjust their operations accordingly.

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India is a democratic country with a population of over 1.3 billion people. The country has a federal structure with a central government and twenty-nine states. India is a member-nation of the United Nations, the Organisation of Islamic Cooperation, and the Commonwealth of Nations.