How Government can reduce inflation in the Country? | Rising Inflation | Jagran Business- Watch Video

In the election year, the central government has started the work of providing relief to the common people. First the interest rates of small savings schemes were increased. Home loans have not been made more expensive. After this, the gas was made cheaper by changing the formula for fixing the price of natural gas. According to sources, in this sequence, the government can give another relief to the common man by cutting excise duty on petrol and diesel . The discussion about this is going on. Apart from looking at the balance sheet of the oil companies, it is being assessed that the excise duty should be cut in such a way that the common man gets relief and the government's earnings are not affected much. The effect that is caused can also be compensated easily.

Sources say that more than two lakh crore rupees are being spent on giving free food grains. The government has extended it for one year. There may be a need to increase further. The biggest challenge before the government is how to keep the gap between expenditure and income within the target. Anyway, the total debt on the government has crossed Rs 150 lakh crore. This is the reason why reliefs are being given to the common people after a lot of calculations.