1 month ago

Sitharaman Assures Resources for Subsidy Bills

Sitharaman Assures Resources for Subsidy Bills
No need to revisit budget estimates yet: Sitharaman says India has buffers to tackle oil, monsoon risks · firstpost.com

Finance Minister Nirmala Sitharaman said the government has enough money to handle the increased costs of petroleum and fertiliser subsidies.

This is because of higher global prices due to the Middle East conflict.

She mentioned that the government has set aside extra money to deal with these costs and won't need to change the budget.

However, she also noted that the weak monsoon rains and global price increases are adding to inflation pressures.

The Reserve Bank of India expects the economy to grow by 6.6% in 2026-27 despite these challenges.

Key facts

Finance Minister
Nirmala Sitharaman
Event
NDTV Profit Business Leadership Awards
Fertiliser Subsidy Allocation
Rs 1.71 lakh crore
Petroleum Subsidy Assistance
Rs 1.23 lakh crore
Projected Economic Growth
6.6%
Inflation Factors
Deficient monsoon, global price hikes

Quotes

Nirmala Sitharaman

Finance Minister of India

“Industry has started investing, the numbers are improving. In fact, it’s very encouraging to know that they are investing in sectors which are very critical to India’s Atmanirbhar Viksit Bharat.”
firstpost.com
“Inflation therefore cannot be just imported. It is also our own want of rain and the monsoon being less-than-normal that could also add to price pressures.”
thestatesman.com

Sources

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