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Ahead of Raksha Bandhan (2023), the Narendra Modi government at the Center has announced a reduction in domestic LPG cylinder prices by Rs 200, giving a major relief to the common man. This is a big relief for those who are suffering from inflation. The opposition was constantly besieging the government over rising inflation. It is also being speculated that the government may also reduce the prices of petrol and diesel in the near future.
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There has been no change in the prices of petrol and diesel for a long time. In such a situation, it is not surprising if the central government announces a reduction in tax on petrol and diesel. Ahead of the 2022 UP assembly elections, the central government has slashed taxes on petrol and diesel on the occasion of Diwali.
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Take out tomato and onion ‘Dum’
Recently, the price of tomato had crossed 250 rupees per kg. After which the government had to become active and import tomatoes from Nepal. Tomatoes also had to be sold on government subsidy. Before the relief in tomato prices, onion prices saw a surge. The increasing price of vegetables is creating a lot of pressure on the government.
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Retail inflation spoiled the game
The retail inflation rate was 7.44 percent in July. Which was the highest level in the last 15 months. Rising inflation is troubling the government. After which no concrete action was expected.