NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday knowledgeable the Rajya Sabha that the federal government has taken a number of supply-side measures in final 4 months to chill inflation. Costs of main important commodities are monitored by the federal government regularly and corrective motion is taken every now and then, she mentioned in a written reply to the Home.
Measures included discount in import duties and cess on pulses, rationalization of tariffs and imposition of inventory limits on edible oils and oil seeds.
Moreover, upkeep of buffer inventory for onion and pulses, inclusion of soya meal as an important commodity within the schedule of the Important Commodities Act, 1955 as much as June 30, 2022 and imposition of inventory restrict on soya meal as much as June 30, 2022 have been another measures taken to test inflation.
Earlier this month, the federal government requested producers to implement a discount in retail costs and guarantee worth uniformity throughout geographies amid a decline in world costs of edible oils.
The central authorities has directed main edible oil associations to make sure a discount of Rs 15 in MRP of edible oils with speedy impact, she mentioned sharing numerous measures to tame inflation.
As well as, the federal government lowered excise obligation by Rs 8 per litre on petrol and Rs 6 per litre on diesel on Could 21, 2022, to test costs of petrol and diesel.
A buffer inventory of onion and pulses has been maintained for worth stabilization, she mentioned.
In reply to a different query, Sitharaman mentioned 15 corporations together with Indian Renewable Power Growth Company and Tata Cleantech Capital have collectively raised Rs 4,539 crore from the inexperienced bonds in final 5 years.
These corporations raised funds at rate of interest of 6.49-8.74 per cent, she mentioned.
Consistent with the ambition to considerably scale back the carbon depth of the economic system, she mentioned, the Union Finances 2022-23 introduced the difficulty of sovereign inexperienced bonds for mobilizing assets for inexperienced infrastructure.
The issuance of sovereign inexperienced bonds will assist the federal government in tapping the requisite finance from potential buyers for deployment in public sector initiatives aimed toward decreasing the carbon depth of the economic system.
This includes the preparation of a framework for sovereign inexperienced bonds issuance in keeping with worldwide greatest practices whereas holding in thoughts the home priorities of India, deciding on acceptable public sector initiatives, organising of an institutional mechanism and lastly floating of the bonds, she mentioned.
As on date, no sovereign inexperienced bond has been issued by Authorities of India, she added.
Measures included discount in import duties and cess on pulses, rationalization of tariffs and imposition of inventory limits on edible oils and oil seeds.
Moreover, upkeep of buffer inventory for onion and pulses, inclusion of soya meal as an important commodity within the schedule of the Important Commodities Act, 1955 as much as June 30, 2022 and imposition of inventory restrict on soya meal as much as June 30, 2022 have been another measures taken to test inflation.
Earlier this month, the federal government requested producers to implement a discount in retail costs and guarantee worth uniformity throughout geographies amid a decline in world costs of edible oils.
The central authorities has directed main edible oil associations to make sure a discount of Rs 15 in MRP of edible oils with speedy impact, she mentioned sharing numerous measures to tame inflation.
As well as, the federal government lowered excise obligation by Rs 8 per litre on petrol and Rs 6 per litre on diesel on Could 21, 2022, to test costs of petrol and diesel.
A buffer inventory of onion and pulses has been maintained for worth stabilization, she mentioned.
In reply to a different query, Sitharaman mentioned 15 corporations together with Indian Renewable Power Growth Company and Tata Cleantech Capital have collectively raised Rs 4,539 crore from the inexperienced bonds in final 5 years.
These corporations raised funds at rate of interest of 6.49-8.74 per cent, she mentioned.
Consistent with the ambition to considerably scale back the carbon depth of the economic system, she mentioned, the Union Finances 2022-23 introduced the difficulty of sovereign inexperienced bonds for mobilizing assets for inexperienced infrastructure.
The issuance of sovereign inexperienced bonds will assist the federal government in tapping the requisite finance from potential buyers for deployment in public sector initiatives aimed toward decreasing the carbon depth of the economic system.
This includes the preparation of a framework for sovereign inexperienced bonds issuance in keeping with worldwide greatest practices whereas holding in thoughts the home priorities of India, deciding on acceptable public sector initiatives, organising of an institutional mechanism and lastly floating of the bonds, she mentioned.
As on date, no sovereign inexperienced bond has been issued by Authorities of India, she added.