Monday, April 29, 2024
Advertisement
  1. You Are At:
  2. News
  3. India
  4. 'Whole world is facing inflation, India too facing same, but will...': PM Modi vows to minimise inflation soon

'Whole world is facing inflation, India too facing same, but will...': PM Modi vows to minimise inflation soon

The PM acknowledged that the country has been facing inflation but added that his government is working hard to minimise the burden of sky-rocketing prices.

Ajeet Kumar Written By: Ajeet Kumar @Ajeet1994 New Delhi Updated on: August 15, 2023 10:54 IST
PM Narendra Modi at Red Fort
Image Source : PTI PM Narendra Modi at Red Fort

Prime Minister Narendra Modi, while addressing the nation on the 77th Independence Day from the ramparts of the Red Fort, acknowledged that the country has been facing inflation but added that his government is working hard to minimise the burden of sky-rocketing prices.

According to official data released on Monday, retail inflation jumped to a 15-month high of 7.44 per cent in July as prices of vegetables and other food items spiked.  The Consumer Price Index (CPI) based inflation was at 4.87 in June and 6.71 per cent in July 2022. Previously, high inflation was recorded at 7.79 per cent in April 2022.

However, the Prime Minister, during his 93-minute speech, assured the countrymen to minimise the prices of commodities very soon. "The whole world has been facing the burnt of inflation and India too is sailing on the same boat. However, our government has taken multiple initiatives to control inflation in the country and our effort in this direction will continue," he said.

Further, he asserted his government ended the corruption culture in the country. It is my commitment to make India corruption-free, the PM asserted. "There will be no space for corruption if a government spends the treasure for the progress of the nation," he added. "There will be no space for corruption if a government spends the treasure for the progress of the nation," he added.

"There will be no space for corruption if a government spends the treasure for the progress of the nation," he added. Earlier, scams of millions were a usual affair but now there is no sign of corruption under my government, the PM said. "I am giving report-card of 10 years. We brought unimagine changes in the nation in the last 10 years. Earlier, the Centre used to provide Rs 30 lakh crore to states but now it rose to Rs 100 lakh crore," he added. 

Also Read: 'Steps taken in Amrit Kaal will impact the next 1,000 years': PM Modi from Red Fort | Top quotes

 

 

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from India

Advertisement
Advertisement
Advertisement
Advertisement