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The Non-Cooperation Movement in the cities gradually slowed down for various reasons
(i) Khadi cloth was often more expensive than mass produced mill cloth and poor people could not afford to buy it.
Thus, boycott of foreign goods could not continue for long.
(ii) Similarly, the boycott of British institutions posed a problem. No alternative institutions were set-up in their . place. So, the students, teachers and other professionals finally had to resume their studies and jobs in government institutions like schools, colleges, courts etc.
Posted by Gudiya Gupta 1 month, 1 week ago
Meaning. Fiscal deficit is defined as excess of total expenditure over total receipts excluding borrowings during a fiscal year. In simple words, it is the amount of borrowing the government has to resort to meet its expenses. A large deficit means a large amount of borrowing. Fiscal deficit is a measure of how much the government needs to borrow from the market to meet its expenditure when its revenues are inadequate. In the form of an equation:
Fiscal Deficit = Total Expenditure - Total Receipts excluding Borrowings = Borrowing
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