A well-designed fiscal policy can serve as a vital instrument to facilitate the equitable distribution of resources and ensure the welfare of all sections of society. Elaborate.

Fiscal policy refer to step taken by Government of the day to own economy of the nation smoothly and as per its need. Need of Well-designed fiscal policy 1) Rising inequality - 50% of poor bottom population only has 2% of global wealth and 9% of income (World Inequality Report) 2) Rising Gender Inequality - 28 women earn 27 cents per dollars earned by man 3) Increasing regional disparity - Sustainable Development, Vidarbha. Increasing sense of relative deprivation as demand of reservation by Morathon of Guggaon.

Increasing sense of relative deprivation as demand of reservation by Morathon of Guggaons. Hence, well designed fiscal policy is needed for equitable distribution of resource. Increasing direct taxa collection (distribute wealth) is 19 lakh crore in 2023 (19% year on year increase). Steps taken by GoI: MGNREGA Act - is right to employment Act for preventing gender discrimination in salary Start-up & Stand Up India - to facilitate dalit entrepreneurship as well as MSME. Hence, only an equitable society in line with [illegible] can secure long lasting peace.