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The rising prices of essential items, primarily food items, are severely hurting the common man. The heat of high #inflation is felt across all walks of life. 🥵

⚡️ In a multi-part series starting today, Moneycontrol will look at the impact of inflation on the #IndianEconomy.
In our multi-part series on the impact of #inflation on the #IndianEconomy, Moneycontrol on May 17 reported that amid an unprecedented rise in retail inflation numbers, govt will step in with more measures to curb inflation.

Read here.

And the govt announced it on Saturday through a series of measures. 👇
🔸 Centre cuts #exciseduty on #petrol by Rs 8 per litre, on #diesel by Rs 6 per litre

🔸 Govt will also give a subsidy of Rs 200 per #gascylinder (up to 12 cylinders) to over 9 crore beneficiaries of #PMUY

🔸 Govt has waived #importduty on some raw materials for #steel industry, #exportduty on #ironore hiked up to 50%

🔸 Additional amount of ₹ 1.10 lakh crore is being provided to further cushion our #farmers

🔸 Measures are being taken up to improve the availability and cost of #cement