Mentor’s Comments- https://www.thehindu.com/opinion/lead/states-freebies-and-the-costs-of-fiscal-profligacy/article65573164.ece In the intro, mention the increasing tendency of the political parties to promise freebies. In the body, mention the purpose of freebies and cases in which government it is necessary. In the next part, mention how states resort to off-budget borrowing to finance these freebies while conforming to the FRBM Act. In … Continue reading Q.3 How does freebie culture harm the financial health of the states? Analyse the effectiveness of the FRBM Act in dealing with the freebie culture and suggest a way forward. (10 Marks)
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