The crowding out effect is an economic theory arguing that rising public sector spending drives down or even eliminates private sector spending. Sometimes, government adopts an expansionary fiscal policy stance and increases its spending to boost the economic activity.
Usually this increase in government spending is funded using higher taxes or borrowing on part of the government. When governments raise taxes in order to introduce or expand welfare programs, individuals and businesses are left with less discretionary income, which can reduce charitable contributions. In this respect, public sector expenditures for social welfare can reduce private sector giving for social welfare, offsetting the government’s spending on those same causes.
Higher borrowings by the Government has the effect of absorbing the economy’s lending capacity by increasing interest rate and thus discouraging businesses from making capital investments.

Speaker of the Lok Sabha is the chairman of the Business Advisory Committee, the Rules Committee and the General-Purpose Committee.

Both the statements are correct.
The governor is empowered to direct that any particular act of Parliament or the state legislature does not apply to a scheduled area or apply with specified modifications and exceptions. 6th schedule deals with the administration of the tribal areas in the four north-eastern states of Assam, Meghalaya, Tripura and Mizoram. The governor is empowered to organise and re-organise the autonomous districts. If there are different tribes in an autonomous district, the governor can divide the district into several autonomous regions.

Inflation targeting is a central banking policy that revolves around adjusting monetary policy to achieve a specified annual rate of inflation.
Inflation targeting is known to bring more stability, predictability, and transparency in deciding monetary policy.
The principle of inflation targeting is based on the belief that long-term economic growth is best achieved by maintaining price stability, and price stability is achieved by controlling inflation. As a strategy, inflation targeting views the primary goal of the central bank as maintaining price stability.

The Meghalaya government has defended its plan to dam Umngot, arguably India’s clearest river, despite protests from more than a dozen villages downstream.