What steps is the government taking to check price rise in India
Inflation within tolerance band; government taking steps to check price rise: Nirmala Sitharaman
The Indian government, under the leadership of Finance Minister Nirmala Sitharaman, has taken several steps to check the rise in prices and keep inflation within a tolerable band. These initiatives include:
- Monitoring and addressing the supply of essential commodities to ensure stability in prices.
- Encouraging agricultural reforms to increase production and reduce reliance on imports.
- Implementing measures to reduce transportation costs and improve logistics, ensuring efficient distribution of goods.
- Strengthening the functioning of the Public Distribution System (PDS) to provide essential items at affordable prices to the vulnerable sections of society.
- Regularly reviewing and adjusting import duties, customs regulations, and export policies to control inflationary pressures.
- Deploying measures to enhance competition in markets and curb hoarding and speculation.
- Undertaking monetary policy actions in coordination with the Reserve Bank of India to regulate liquidity and maintain price stability.
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