Finance Minister Nirmala Sitharaman in Lok Sabha expresses her commitment to further reducing inflation

It was announced Wednesday by Finance Minister Nirmala Sitharaman that the government would take steps to ease further inflation, which has fallen below the Reserve Bank of India’s (RBI) upper tolerance limit of 6%.

She said that inflation would be further reduced for the common people’s benefit.

According to official data, retail inflation fell to an 11-month low of 5.8 per cent in November from 6.77 per cent in October.

According to the finance minister, India is the fastest-growing economy and has the lowest inflation rate in the world, so there is no threat of stagflation.
According to the finance minister, the government will be able to meet its fiscal deficit target of 6.4% of the country’s GDP in the current fiscal year.

As a result of various measures taken by the Narendra Modi government, the non-performing assets (NPAs) have decreased drastically to 7.28 percent at the end of March 2022.

When asked about the decline in the rupee’s value against the US dollar, she responded that the rupee is appreciating against all other currencies, and the decline against the greenback is much lower than that against other currencies.

(With inputs from PTI)

Related Posts


Hi, my name is Nisha and I'm an educational journalist based in India. I've always been passionate about the power of education to transform lives, and that's what led me to pursue a career in journalism focused on this area. I completed my Bachelor's degree in English from Hindu College in Delhi in 2013 and then went on to earn my Master's in Journalism and Mass Communication from the Indian Institute of Mass Communication in 2017. During my studies, I also completed several short-term courses on Education in India, Sociology, and other related subjects to deepen my knowledge in this field. I'm particularly interested in improving access to quality education in rural areas, where students often face significant challenges. I've worked on a number of initiatives to address this issue, including advocating for better policies, resources, and practices that can make a difference. As an educational journalist, I'm passionate about using my platform to highlight important issues in the education space. I've covered a wide range of topics, including the impact of technology in the classroom, innovative approaches to teaching and learning, and the challenges facing students from marginalized communities. One of the things I love most about my work is the opportunity to constantly learn and grow. I'm an avid reader and believe that reading is key to expanding one's knowledge and perspective. I'm always seeking out new ideas and insights to help me better understand the world around me. In summary, as an educational journalist, I'm dedicated to using my skills and expertise to make a positive impact in the field of education. I'm committed to improving access to quality education for all students and to using my platform to raise awareness about important issues in this area.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button