26.Loans taken by Government for purpose of war, earthquakes for covering budget deficits are
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"India's GDP contracted 23.9% in the April-June quarter of 2020-21 and
further declined 29.4% in the quarter July-September 2020-21 as compared
to same period of 2019-20, suggesting that the lockdown has hit the economy
hard."'The Hindustan Times, 30th November, 2020. State and discuss
two fiscal measures that may be taken by the Government of India to correct
the situation indicated in the above news report.
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