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In: Finance

Question 1 a. How much governmental financial information is used by citizens? From what sources? b....

Question 1

a. How much governmental financial information is used by citizens? From what sources?

b. How is governmental financial information filtered by information intermediaries, such as the newspaper and interest groups? With what effect?

In a short paper, debate its relevance for your country in the present day and age. Explain how you would conduct the necessary research to answer your chosen question.

Expert Solution

INTRODUCTION TO GOVERNMENT FINANCIAL INFORMATION

Information which is related to government financial positions and activities that are provided by the government to the citizen of the country.

India is a very vast country and high population in India. India is a developing nation, hence government plays an extremely important role in different sectors of India.

The financial information used by the citizens of India depending upon the various factors such as:

Research method: Population Census

Age

Different age groups have different types of interest

Age 1-17 in this age group children are not much into financial information provided by government as their is not much use to them.

Age18-24 in this age group they are the high school students and college level students who's interest rises in financial condition of the country due to peers, subjects, current affair, knowledge.

Age 25-60 in this age group most of them are working professionals and they must be requiring financial information due to many reasons such as tax rate, new policies introduced, and many other actions.

Working professionals in different sectors
Business owners
Students
Education background

SOURCES:

Annual financial report
Television
Newspaper- Misleading
News apps
Magazines
Billboards
Workplaces
Mouth of word

(B) NEWSPAPER

Newspapers are the most common source of information and opinion provided daily or once a week to the public.

They hold political bias
Political pressure
Interest in specific sectors
Bribing the owners to spread the false news
Market forces
Staff selection
Pressure from the advertisers

INTEREST GROUPS

A group of people that seeks to influence public policy on the basis of a particular common interest.

They will try to be bias. Example: LGBTQ
They influence public opinion
High pressure on government and political parties

EFFECTS

POSITIVE EFFECTS

General public will know all the informations in rural and urban areas.
It's legible for all the different local language people
People are well informed
Different kind of news effect stock market in bullish or bearish manner
Positive reforms and political and social decisions can be quickly circulated in the public. a good example will be revocation of section 377 which criminalised homosexuality.
Jandhan yojana passed for the farmers.

NEGATIVE EFFETS

Can be misleading
Can create a negative sentiments towards the government
Information can be twist and turned by various interest groups for their own benefits and bias
Filtered information in a workplace due to grapevine wouldn't give out a true and fair view of an actual information

CONCLUSION

Hence, these various sources mentioned above and etc can have a lot of positive and negative effects with regards to dissemination of government information for the public by various information sources.

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