Government and RBI Implement Measures to Control Inflation
The Government of India and the Reserve Bank of India (RBI) have taken significant monetary and fiscal measures to control inflation and alleviate its impact on citizens. Recent data shows a decline in inflation rates, with CPI inflation remaining within the RBI's target range. Key measures include increasing buffer stocks of essential food items, strategic grain sales, and tax exemptions to boost disposable income. The RBI has also adjusted the repo rate to promote economic growth while managing inflation.
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