We have been writing about #Inflation and how it is impacting common people like us.
In this #Thread ๐งตwe did a detailed study on "How Government is Attempting to Control Inflation, which is here to stay."
Like โค๏ธ and Retweet ๐ for more such Informational Threads.
In this #Thread ๐งตwe did a detailed study on "How Government is Attempting to Control Inflation, which is here to stay."
Like โค๏ธ and Retweet ๐ for more such Informational Threads.
Retail Inflation reached 7.79% in April, which is the highest level in 8 years. Since then, the Government has come under fire.
The Government needed to act quickly to help all the poor and middle-class who have been suffering from poverty since the pandemic.
The Government needed to act quickly to help all the poor and middle-class who have been suffering from poverty since the pandemic.
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Reduced the excise duty on #Petrol by Rs 9.5/Litre and Diesel by Rs 7/Litre, lowering the transportation costs for the commodities.
business-standard.com/article/economโฆ
Reduced the excise duty on #Petrol by Rs 9.5/Litre and Diesel by Rs 7/Litre, lowering the transportation costs for the commodities.
business-standard.com/article/economโฆ
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Increased Import Duty on #Steel and Iron Ore and Reduced Import Duty on #Coal Making Steel Cheaper in the country.
thehindubusinessline.com/economy/india-โฆ
Increased Import Duty on #Steel and Iron Ore and Reduced Import Duty on #Coal Making Steel Cheaper in the country.
thehindubusinessline.com/economy/india-โฆ
๐บ๐๐๐๐ ๐ฌ๐๐๐๐๐๐ ๐ฉ๐๐
Placed Restrictions on #Sugar Exports so that more sugar is available locally and prices don't go up.
economictimes.indiatimes.com/news/economy/fโฆ
Placed Restrictions on #Sugar Exports so that more sugar is available locally and prices don't go up.
economictimes.indiatimes.com/news/economy/fโฆ
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Announced a ban on wheat exports, citing a sudden increase in global wheat prices, in order to keep prices in the country under control.
Announced a ban on wheat exports, citing a sudden increase in global wheat prices, in order to keep prices in the country under control.
Allowed duty free import of 20 Lakh of MT Soyabean and sunflower oil so that the landed cost of the commodity is cheaper.
economictimes.indiatimes.com/news/economy/fโฆ
economictimes.indiatimes.com/news/economy/fโฆ
All the above measures are expected to lower commodity prices and thus help with the supply side problem of inflation.
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