Quick Revision- MONETARY POLICY TOOL

  MONETARY POLICY TOOL:   There are several direct and indirect instruments that are used for implementing monetary policy. Repo Rate: The (fixed) interest rate at which the Reserve Bank provides overnight liquidity to banks against the collateral of government and other approved securities under the liquidity adjustment facility (LAF). Reverse Repo Rate: The (fixed) … Read more

DMPQ:Directive Principles of States Policy is not an effective tool and they are just constitutional instrument without much substance. Discuss.

DPSP prima facie appears to be not an effective tool as they are non justiciable, non enforceable unlike Fundamental rights. Further their implementation are at the will of the Politicians and law makers.  But outright rejection of DPSP and terming them ineffective will be injustice to the constitution makers. They have their own benefits: Dr … Read more