New Delhi: Finance Minister Nirmala sitharaman told on tuesday Rajya Sabha that despite the recent increase in prices, the government and reserve Bank of India Trying to ensure that inflation is controlled below 6%, and underlined that India’s macroeconomic fundamentals are strong.
“The Indian economy is much better than many of our peer groups and developed economies. There is no denying inflation. We will look at the numbers as well as the ground level situation. Even numbers wise, we have a 2-6% inflation band, we are at 7%, with some effort. We have ensured that the RBI and the government have taken adequate steps to ensure that it is kept below 7%, ideally below 6%,” said Sitharaman, responding to a debate on the price hike.
His reaction came after opposition MPs expressed concern over the rising inflation causing harm to the common man and asked the government to provide relief to the poor by reducing duties. members of the ruling BJPHowever, inflation was attributed to global factors.
He said, “You may have a narrative that you (the government) have collected so much tax and the poor are getting nothing. I will list what we have done, and we would love to do more. This The approach that ‘you have done nothing for the poor and you are here for Ambani and Adani’ is politicizing the debate. All of us, some of us in the states and in our respective constituencies, are trying to ensure this. It has been ensured that the poor get the benefits of the schemes. We are all contributing in the recovery process. I appeal to the House that we talk on the basis of facts and the situation on the ground.
Seeking direct record keeping on the recent changes in GST, he said the move to tax unbranded and packaged food items was based on a decision taken by the GST Council, which was not opposed by any state. They were also part of the decision-making process at every level, including those ruled by opposition parties, and that the move required “massive abuse”.
The minister also said that many states including Maharashtra, Jharkhand and West Bengal were taxing products like lassi, chaas and paneer before the implementation of GST. Due to this TMC was out of Rajya Sabha.
before, Raghav Chadha “The cost of food production for farmers has increased by about 21 per cent in the last one year. But their income has not increased despite assurances of doubling farm income,” the AAP leader said.
BJP’s Sudhanshu Trivedi said that India’s current inflation (7%) is the lowest in the world. On the depreciation of the Indian rupee against the US dollar, he said it is because the US Federal Reserve is increasing interest rates to control inflation.
Rajni Ashokrao Patil Congress says that women have been affected the most by inflation. Even the LPG cylinders distributed under the Pradhan Mantri Ujjwala Yojana are not being used.
“The Indian economy is much better than many of our peer groups and developed economies. There is no denying inflation. We will look at the numbers as well as the ground level situation. Even numbers wise, we have a 2-6% inflation band, we are at 7%, with some effort. We have ensured that the RBI and the government have taken adequate steps to ensure that it is kept below 7%, ideally below 6%,” said Sitharaman, responding to a debate on the price hike.
His reaction came after opposition MPs expressed concern over the rising inflation causing harm to the common man and asked the government to provide relief to the poor by reducing duties. members of the ruling BJPHowever, inflation was attributed to global factors.
He said, “You may have a narrative that you (the government) have collected so much tax and the poor are getting nothing. I will list what we have done, and we would love to do more. This The approach that ‘you have done nothing for the poor and you are here for Ambani and Adani’ is politicizing the debate. All of us, some of us in the states and in our respective constituencies, are trying to ensure this. It has been ensured that the poor get the benefits of the schemes. We are all contributing in the recovery process. I appeal to the House that we talk on the basis of facts and the situation on the ground.
Seeking direct record keeping on the recent changes in GST, he said the move to tax unbranded and packaged food items was based on a decision taken by the GST Council, which was not opposed by any state. They were also part of the decision-making process at every level, including those ruled by opposition parties, and that the move required “massive abuse”.
The minister also said that many states including Maharashtra, Jharkhand and West Bengal were taxing products like lassi, chaas and paneer before the implementation of GST. Due to this TMC was out of Rajya Sabha.
before, Raghav Chadha “The cost of food production for farmers has increased by about 21 per cent in the last one year. But their income has not increased despite assurances of doubling farm income,” the AAP leader said.
BJP’s Sudhanshu Trivedi said that India’s current inflation (7%) is the lowest in the world. On the depreciation of the Indian rupee against the US dollar, he said it is because the US Federal Reserve is increasing interest rates to control inflation.
Rajni Ashokrao Patil Congress says that women have been affected the most by inflation. Even the LPG cylinders distributed under the Pradhan Mantri Ujjwala Yojana are not being used.