Finance Minister Nirmala Sitharaman says government taking steps to control inflation through increased domestic production of pulses and reduced import duties.

 The Union Finance Minister, Nirmala Sitharaman, discussed the government's measures to curb inflation on Monday, stating that they are taking several steps to control it and will continue to do so. She cited the example of encouraging farmers to grow pulses to boost domestic production and reducing import duties on some pulses to improve local availability. In response to a question on whether Budget 2023-24 would reduce inflation, she stated that the government is already taking several steps to control it. 

 

She further explained that the government has reduced import duties on pulses to single digits or eliminated them entirely as a short-term measure to make pulses more easily and cheaply available in India. Retail inflation in January rose to a three-month high of 6.52 per cent, mainly due to higher prices in the food basket, including cereals and protein-rich items.