Don’t miss the latest developments in business and finance.

Inflation to be within target range in FY22, says FM Sitharaman

Finance Minister Nirmala Sitharaman on Monday said that she expects inflation to remain in the prescribed range during the current fiscal

Finance Minister Nirmala Sitharaman
Photo: PIB India
Press Trust of India New Delhi
1 min read Last Updated : Aug 16 2021 | 6:50 PM IST

Finance Minister Nirmala Sitharaman on Monday said that she expects inflation to remain in the prescribed range during the current fiscal.

The RBI has been mandated to keep inflation at 4 per cent, with tolerance level of 2 per cent on either side.

She expressed confidence that the revenue would be buoyant in the coming months. Both Goods and Services Tax (GST) and direct taxes have improved in the past few months, the minister said.

On the demand pick up, she said there is enough liquidity in the market and credit growth is expected to pick up in the coming festive season.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

More From This Section

Topics :Nirmala SitharamanInflationIndian Economy

First Published: Aug 16 2021 | 6:50 PM IST

Next Story