Checked inflation even when Covid hit us, says FM Nirmala Sitharaman

CPI inflation at 6.2% now, was 9.1% during 2008 financial crisis, she says

The Narendra Modi government has been able to control retail inflation in spite of the global economic slowdown brought in by Covid-19, finance minister Nirmala Sitharaman said on Friday.

She was defending the Budget in the Rajya Sabha, and said that the announcements will stabilise the economy, which was reeling from the pandemic. And, they are set to create jobs and boost consumption with focus on capital expenditure.

A day after the government banned the import of foreign-made drones, the finance minister also doubled down on her ‘Drone Shakti’ proposals. She said that drone technology will be used to modernise