LPG Cylinder: To control the rising inflation, the government has now taken a big step by giving discount in the price of LPG Cylinder to the general public. From last month till now, the government has reduced the price of LPG Cylinder by ₹ 300 and its effect is going to be visible in the coming days.
Regarding reduction in the price of LPG cylinder, RBI Governor Shaktikanta Das has also said that its effect will be visible in controlling inflation. On the other hand, reducing the prices of vegetables will also control inflation. For your information, let us tell you that in the last week of August, the government had reduced the price of LPG Cylinder by ₹ 200. But now the government has increased the subsidy given under the Ujjwala scheme by ₹ 100.
RBI Governor said this
RBI Governor Shaktikanta Das said in his statement that by cutting the price of vegetables, especially tomatoes, and the price of LPG, inflation will come down and the general public will get relief from the brunt of inflation. But future inflation depends on many factors. At present inflation has come down to less than 6% and is expected to be 5.2% in the coming time.
No change in repo rate
Apart from this, the monetary policy of RBI has been released recently. Under this policy, it is learned that no change has been made in the repo rate and it remains at 6.5% as before. RBI also talked about withdrawing additional cash from banks through bond sales to limit the inflation target.
retail inflation estimates
As per its report, RBI has maintained the retail inflation rate at 5.4% for the current financial year. It was at 7.44% on July 15, whereas in the month of August it softened to 6.83% on an annual basis. But this is much higher than RBI’s inflation figure of 4%.
