Canon of Economy
Canon of Economy states that the government should not waste the hard-earned money of taxpayers, by investing it in wasteful projects. The government should not waste the funds and should double-check for the duplication of expenditures. The government expenditure, in a way, should be economical. This canon also tells the government to ensure there is no/minimum negative impact on domestic production. Although, the Indian government is not really fulfilling the canon of the economy. There is so much wastage of funds from the end of Central as well as State Governments.
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