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Rate of price rise will not exceed 6 percent, says PM Modi

Backing A New Inflation Target,Prime Minister Narendra Modi Today Said His Government Has Not Allowed The Rate Of Price Rise To Cross 6 Per Cent As Opposedto The Double Digit Inflation During Previous Government.

PTI | Updated on: 15 Aug 2016, 12:32:12 PM
PM Modi(Image Source: twitter)

New Delhi, :


Backing a new inflation target,Prime Minister Narendra Modi today said his government has not allowed the rate of price rise to cross 6 per cent as opposed to the double digit inflation during previous government.
"These steps will help realise the target of doubling farmers' income by 2022," he said.
Godown capacity of 15 lakh tonnes has been constructed to store crops and emphasis is being laid on all food procesing Hundred per cent FDI has been permitted in food said, adding that farmers are being given crop insurance cover on minimum premium.
Also, record urea production has meant that blackmarketing of the crop nutrient is a thing of past, he Uttar Pradesh being cleared and 95 per cent of crop being sold this season being already paid for.
The Prime Minister said efforts by his government have led to 99.5 per cent of past dues of sugarcane farmers inModi said unlike past governments, he has stayed away from populist measures and instead relied on empowerment.doubling farmers' income by 2022," he said.

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First Published : 15 Aug 2016, 12:03:00 PM