Food inflation: Nirmala Sitharaman lists efforts to contain inflation in no-confidence motion speech

Finance Minister Nirmala Sitharaman has listed all the measures undertaken by the government to tame inflation while speaking in the Lok Sabha in a debate on the no-confidence motion brought by the Opposition against the current regime.

Sitharaman also said that India remains in a "rare position of being optimistic" about its future growth prospects even when the global economy is undergoing a period of gloomy growth and elevated inflation. To curb the inflation, she said steps are being taken to improve the supplies of essential commodities like pulses, tomato and onion.

Measures to curb inflation

Finance Minister highlighted that Tur dal that is imported from Mozambique are on the way and about 3,00,000 tonnes of urad would be bought from Myanmar. Aggressive disbursal measures are being taken to release the moong dal stocks into the market. Procurement of imported masoor dal will be added to the reserves. She also added that about 3,00,000 tonnes of onion procurement has been completed.

Also Read: Tomatoes to sell at ₹70/kg in Delhi-NCR: Nirmala Sitharaman

To tackle the surge in Tomato prices, India has also lifted the import curb that was imposed on Nepal tomatoes and the first consignment is expected to reach Varanasi, Lucknow and Kanpur by Friday. Apart from this the National Cooperative Consumers' Federation of India Limited (NCCF) will be spearheading the sale of tomatoes at a subsidized price of Rs 70/Kg this upcoming weekend in the Delhi-NCR region.

The wholesale price in Karnataka and Andhra Pradesh has already come down below Rs 100/Kg which will help cool prices further, she added.