The Central Government is working tirelessly to support those in need, rolling out various assistance programs.
The Modi government is gearing up to deliver a significant relief to the underprivileged population by expanding the Pradhan Mantri Garib Kalyan Anna Yojana.
This decision comes as a response to the current challenging circumstances and rising inflation rates.
To put things in perspective, the Central Government had already committed to providing free grains to a whopping 81.35 crore individuals through this program.
Now, citing media sources, there’s strong speculation that this expansion might be expedited due to recent spikes in food and fuel prices, as well as upcoming elections in five states.
Furthermore, the ongoing conflicts in various parts of the world have the potential to disrupt global food supply chains.
In particular, the ongoing hostilities between Israel and Hamas could directly impact the efforts of the Central Government and central banks in controlling inflation.
Aditi Nair, the chief economist of the Investment Information and Credit Rating Agency, warns that these conflicts could trigger increases in fuel, food, and other commodity prices, potentially leading to further inflationary pressures.
