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Union Finance Minister Nirmala Sitharaman has said the government was making efforts to keep inflation under 4 per cent and steps were being taken to ensure people get essential goods at fair price and on time. She said steps were being taken to keep inflation at a certain level. On rising prices, she said ‘as far as inflation is concerned, I have been answering questions (on the issue) in Parliament every time they have been raised. Steps were being taken to keep inflation at one level, for example, duty on imported edible oil is being removed so that affordable oil comes into the country.’

She said the issue of inflation should be understood in global context. She added ‘America is experiencing the kind of high inflation which was not witnessed in the last 40 years. Germany is facing high inflation which was not experienced in the last 38 years. We are taking efforts to keep inflation under 4 per cent and efforts were being taken to ensure that people get all goods at fair price and on time.’

About the rupee hitting a record low against the US dollar, Sitharaman said the government looks at every aspect of the economy. She also said ‘Be it inflation, exchange rate...we are looking at everything’. Earlier, Sitharaman had said Mudra loans are given to eligible people without any security.