Inflation to be within target range in FY22, says FM Nirmala Sitharaman

By: |
August 16, 2021 7:23 PM

The RBI has been mandated to keep inflation at 4 per cent, with tolerance level of 2 per cent on either side. She expressed confidence that the revenue would be buoyant in the coming months.

Both Goods and Services Tax (GST) and direct taxes have improved in the past few months, the minister said.Both Goods and Services Tax (GST) and direct taxes have improved in the past few months, the minister said.

Finance Minister Nirmala Sitharaman on Monday said that she expects inflation to remain in the prescribed range during the current fiscal.

The RBI has been mandated to keep inflation at 4 per cent, with tolerance level of 2 per cent on either side.
She expressed confidence that the revenue would be buoyant in the coming months. Both Goods and Services Tax (GST) and direct taxes have improved in the past few months, the minister said.

On the demand pick up, she said there is enough liquidity in the market and credit growth is expected to pick up in the coming festive season.

Do you know What is India expected to grow 10 pc during current fiscal: NCAER Director General Poonam Gupt,FinMin releases Rs 9,871 cr grant to 17 state, Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Govt extends foreign trade policy till March next year
2India has fiscal resources and monetary space for more govt intervention if needed : Sanyal
3EU adopts 5 billion-euro Brexit reserve to help businesses