Today’s “Word of the Day” is “helicopter money” and it is a noun meaning “a situation where the central banks printing large sums of money and distributing it directly to the public (individuals) as a mean to counter economic crisis and to increase the amount of money in circulation in order to boost demand & inflation eventually.
Example Sentence: Rajiv Kumar, Vice-Chairperson, NITI Aayog said “What we want to do is to increase demand, not through helicopter money but through productive use of the money so that the investment aspects of the recovery are more emphasised than just the consumption aspect because a sustained recovery can take place only in that case. That’s the objective of this stimulus”.
This word is present in The Hindu Business Page article ‘Recovery contingent upon virus intensity declining, tapering off’ and click here to read it.
Courtesy: The Hindu
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