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Day 20
Mission Surya – Day 20: K-Shaped Recovery, FRBM Framework & PRB
Important economic topics including K-shaped recovery, government borrowing and Fiscal Responsibility framework.
6 March 2026
Day 20 focuses on macroeconomic policy and financial governance institutions relevant for UPSC prelims.
Core Concepts
K-shaped recovery refers to uneven economic recovery after a crisis.
Government borrowing finances fiscal deficit and public expenditure.
FRBM Act aims to ensure fiscal discipline and macroeconomic stability.
Payments Regulatory Board
• PRB is a statutory body under the Payment and Settlement Systems Act.
• It regulates payment systems such as UPI, NEFT and RTGS.
Quick Revision for Prelims
- • K-shaped recovery refers to uneven economic recovery after a crisis.
- • Government borrowing finances fiscal deficit and public expenditure.
- • FRBM Act aims to ensure fiscal discipline and macroeconomic stability.