Correct option is A
Vishwanath Pratap Singh, as the Finance Minister of India in the mid-1980s, introduced the Long-Term Fiscal Policy (LTFP) in 1985. This policy aimed at providing a stable fiscal framework to guide the country’s economic planning and to reduce uncertainties in tax and expenditure policies. The LTFP was designed to improve fiscal discipline and to provide a clear roadmap for government borrowing, expenditure, and taxation policies over a longer period. The policy sought to create a more transparent, predictable, and stable fiscal environment.
