Both the government and Reserve Bank of India (RBI) have taken a number of steps to address the issue of high inflation, including the reduction of import duty on essential commodities, Parliament was informed today. "The government is aware that inflation hurts the lower income group of society. Measures taken to contain prices of essential commodities include -- import prices reduced to zero on rice, wheat pulses, edible oils (crude) and onions...," Minister of State for Finance Namo Narain Meena said in a written reply to a question in the Lok Sabha. "As part of the monetary policy review stance, the RBI has taken suitable steps with 11 consecutive increases in policy rates and related measures to moderate demand to levels consistent with the capacity of the economy to maintain its growth without provoking price rise," he said.
Moneycontrol
No comments:
Post a Comment