This is the answer given by Finance Minister Nirmala Sitharaman on the rising prices of petrol and diesel

New Delhi, 5 March 2021 Friday

On the question of reducing petrol-diesel prices, Finance Minister Nirmala Sitharaman said she understands the needs of the country's consumers, but the issue has created a crisis for the government, adding that there are many signs that the country's economy is improving. Is happening.

The crisis that the finance minister is talking about is in fact about handing over the price of petrol to the market, which means that the price will now be decided by the companies. On the other hand, it is difficult for the government to reduce taxes given the market.

What the finance minister said

"We want to focus on Indian youth, which we have done in the budget. Our budget is designed for the next 20 years," the finance minister told a press conference on Friday.

Asked whether petrol-diesel would be included in the GST, Nirmala Sitharaman said the GST Council could consider it.

"We are seeing many aspects of the state of the economy at the moment," he said. "I am talking to a lot of parties. Most of the businessmen said that the factories are now operating at full capacity, and they are considering expanding." Is.

The finance minister said recruitment is now improving. IITs and IIMs also say that recruitment for jobs has picked up and the job market is improving. He said foreign workers were returning to work, which was also a sign of recovery in the economy. He said banks are now reducing home loan rates.