Union Finance Minister Nirmala Sitharaman on Monday said that the government is taking several steps to control inflation and will continue to focus on it.
For example, in the case of pulses, the government is encouraging farmers to grow pulses to boost domestic production and has also reduced import duty on some pulses to improve local availability.
Asked whether Budget 2023-24 will bring down inflation, Ms Sitharaman said: “The government is taking several steps to control inflation and will continue to focus on it.”
She was in Jaipur for post-Budget 2023 discussions with various stakeholders.
“We have taken several steps, for example, encouraging farmers to sow pulses so that India’s production of pulses increases in the coming sowing season,” Ms Sitharaman told reporters here.
He further said that as a short-term step, “Wherever we are importing, be it masoor, moong or whatever pulses, the government has reduced the import duty to single digit or removed it completely. It has made imports convenient and pulses are available.” Quickly and cheaply in India.”
The Union Minister said, ‘The import of edible oil has been made almost duty free for three consecutive years, due to which palm crude or palm refined oil has also been opened (route), so that the supply of edible oil can be stopped. Can go Simple and sufficient.”
WPI inflation eased to a two-year low of 4.73 per cent in January on lower prices of manufactured articles, fuel and electricity despite costlier food items.
Retail inflation again breached the Reserve Bank’s upper tolerance limit and hit a three-month high of 6.52 per cent in January, mainly due to higher prices in the food basket, including cereals and protein-rich items.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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