Finance Minister Arun Jaitley`s maiden Budget on Thursday is expected to be a tightrope walk of trying to meet demands for tax sops especially from the middle class and pursuing fiscal prudence to spur investment and growth. |
Blaming hoarders for the rise in food inflation, finance minister Arun Jaitley on Friday said there is `no panic situation` and asked the states to take measures to crackdown on hoarding and black marketing to rein in prices. |
Skyrocketing prices of vegetables in the city are once again spoiling the budgets of the common people. The prices that had already climbed up by 25-50% about 20 days ago, have posted similar hike on Tuesday. |
The Narendra Modi Government has inherited high inflationary pressure from the previous Government and it may take if not few months than a year to curb price rise. High inflation and hoarding was one of the key factor behind last UPA Government`s downfall, hence, expectations are at peak from the Narendra Modi Government with inflation rate hovering over 8 per cent in May. |