Quick Summary
The Reserve Bank of India will take necessary steps to manage inflation within expected limits, Finance Minister Nirmala Sitharaman said at a post-budget industry event in Jaipur on Monday. In emerging markets, the situation is unique to each of the countries. In that I think, RBI is watching the Indian economy and taking a call as and when it is required, Sitharaman said. For instance, in the case of pulses, the government is encouraging farmers to grow pulses to boost domestic production an
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FAQ :
Finance Minister Nirmala Sitharaman has said that the Reserve Bank of India will take necessary steps to manage inflation within expected limits.
The government is encouraging farmers to grow more pulses to increase domestic production and has reduced import duties on some pulses and edible oils to improve local availability and affordability.
Headline inflation topped estimates with a 6.52% reading last month, exceeding the RBI's target for the first time in three months.
The Finance Minister stated that the Centre government is open to bringing petrol and diesel under the GST, but the decision rests with the GST Council, which comprises finance ministers from all states.
The import of edible oil has been made almost tax-free for the last three consecutive years to ensure easy and sufficient supply.
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