Rahul Gandhi asks govt to ‘act now’ on inflation due to Ukraine crisis




Congress leader on Saturday asked the government to act quickly over the rising inflation in the country as the Russia-Ukraine war may further escalate prices.


“Record price rise had crushed the poor and middle class even before the Ukraine war began. It will increase further,” the Congress leader said in a tweet.





He further said that the government must ‘act now’ and ‘protect the people’.


The conflict between Russia and Ukraine intensified on February 24 after Russian forces launched a major military assault on Ukraine, firing missiles on cities and military installations. Due to the war, the prices of commodities are expected to rise further in the coming times.


Sharing a brief data on the prices of commodities, Gandhi said that food prices are expected to rise by 22 per cent, Crude oil is more than $100 per barrel, while Covid continues to disrupt the global supply chain.


–IANS


uj/arm

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *