August 10, 2022
FM Sitharaman on price hike defense

Finance Minister Nirmala Sitharaman on Monday said that India is still the fastest growing economy with much better financial condition than other countries.

Speaking during a debate on the issue of price hike in Lok Sabha, Sitharaman said that global agencies have ranked India’s economy higher than most countries and there are no signs of slowdown in the country.

Comparing India with neighboring countries like China, Sri Lanka, Pakistan, Bangladesh as well as US and European countries, he said that based on various parameters and statistics, India is in a much better position than other countries. global scale.

“We have never seen a pandemic like this before and we were all trying to make sure that additional support is provided to the people. I recognize the role played by everyone including MPs and state governments,” she said.

The minister further added, “I give full credit to the people of India for this… Even in the midst of adversity, we were able to stand up and be recognized as the fastest growing economy.”

During the debate, a war broke out between Sitharaman and Congress leader Adhir Ranjan Chowdhury, DMK MP Kanimozhi, Trinamool Congress MP Saugata Roy and Sudip Bandyopadhyay.

Another Trinamool Congress MP, Kalyan Banerjee, sharply criticized Sitharaman and even said, “You don’t know how to talk.”

As the opposition members were not satisfied with his reply, many leaders walked out across party lines.

The Finance Minister, who is facing criticism over the GST levied on food items, also clarified that there is no GST on pencils, adding that no GST is being levied on loose items.

“This morning we announced GST collection of Rs 1.49 lakh crore for July, which is the second highest since the implementation of GST. This is the sixth consecutive month that the collection has crossed 1.4 lakh crores.

Sitharaman said that the government is making efforts to bring down retail inflation below 7 per cent. Talking about household items, he said that the prices of edible oil have improved sharply after the steps taken by the government.

read all breaking news And today’s fresh news Here

Leave a Reply

Your email address will not be published.