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New Delhi: Prime Minister Narendra Modi on Tuesday said the government will be taking more measures to tackle inflation so as to minimise the burden of price rise on people.<\/p>\n
In his address to the nation on the 77th Independence Day, Modi said the world is grappling with high inflation, and when India imports goods, it also imports inflation.<\/p>\n
\u201cThe world is yet to fully recover from the impact of Covid pandemic. The war has created yet another problem. The world is grappling with the problem of inflation. Inflation has gripped the global economy,\u201d the prime minister said.<\/p>\n
Further, he said when India import goods from other countries, \u201cunfortunately\u201d it also imports inflation.<\/p>\n
Modi said the government has taken several steps to keep inflation under control, and some success has been achieved.<\/p>\n
\u201cBut we cannot be satisfied (just) because our situation is better than the world. We have to take more steps to minimise the burden of price rise on our people. We will definitely take the steps. My efforts will continue,\u201d he said.<\/p>\n
The Prime Minister\u2019s assertion also comes a day after retail inflation jumped to 7.44 per cent in July, primarily driven by costlier tomatoes and vegetables.<\/p>\n
For the first time in the current fiscal, retail inflation breached the Reserve Bank of India\u2019s comfort level of 6 per cent.<\/p>\n
The Consumer Price Index (CPI) based inflation surged to 7.44 per cent in July, much higher than 4.87 per cent in June.<\/p>\n
Retail inflation stood at 6.71 per cent in July 2022 and the previous high was recorded at 7.79 per cent in April 2022.<\/p>\n
RBI has the mandate to keep retail inflation in the range of 2 to 6 per cent and after remaining above the upper limit for most of the 2022-23 financial year, inflation was in the central bank\u2019s comfort zone this fiscal till June.<\/p>\n
While unveiling the bi-monthly monetary policy last week, RBI Governor Shaktikanta Das had warned of a substantial increase in headline inflation in the near-term and revised upwards the inflation forecast for the second quarter to 6.2 per cent. New Delhi: Prime Minister Narendra Modi on Tuesday said the government will be taking more measures to tackle inflation so as to minimise the burden of price rise on people.<\/p>\n
In his address to the nation on the 77th Independence Day, Modi said the world is grappling with high inflation, and when India imports goods, it also imports inflation.<\/p>\n
\u201cThe world is yet to fully recover from the impact of Covid pandemic. The war has created yet another problem. The world is grappling with the problem of inflation. Inflation has gripped the global economy,\u201d the prime minister said.<\/p>\n
Further, he said when India import goods from other countries, \u201cunfortunately\u201d it also imports inflation.<\/p>\n
Modi said the government has taken several steps to keep inflation under control, and some success has been achieved.<\/p>\n
\u201cBut we cannot be satisfied (just) because our situation is better than the world. We have to take more steps to minimise the burden of price rise on our people. We will definitely take the steps. My efforts will continue,\u201d he said.<\/p>\n
The Prime Minister\u2019s assertion also comes a day after retail inflation jumped to 7.44 per cent in July, primarily driven by costlier tomatoes and vegetables.<\/p>\n
For the first time in the current fiscal, retail inflation breached the Reserve Bank of India\u2019s comfort level of 6 per cent.<\/p>\n
The Consumer Price Index (CPI) based inflation surged to 7.44 per cent in July, much higher than 4.87 per cent in June.<\/p>\n
Retail inflation stood at 6.71 per cent in July 2022 and the previous high was recorded at 7.79 per cent in April 2022.<\/p>\n
RBI has the mandate to keep retail inflation in the range of 2 to 6 per cent and after remaining above the upper limit for most of the 2022-23 financial year, inflation was in the central bank\u2019s comfort zone this fiscal till June.<\/p>\n<\/p><\/div>\n
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[ad_1] New Delhi: Prime Minister Narendra Modi on Tuesday said the government will be taking more measures to tackle inflation so as to minimise the burden of price rise on people. In his address to the nation on the 77th Independence Day, Modi said the world is grappling with high inflation, and when India imports […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[],"class_list":{"0":"post-5036","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/5036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=5036"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/5036\/revisions"}],"predecessor-version":[{"id":5038,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/5036\/revisions\/5038"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=5036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=5036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=5036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}