India plans to spend additional $26 billion to fight inflation: Report
To shield its consumers from rising prices and fight multi-year high inflation, the Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year, two government officials told Reuters. The new measures will double the 1 trillion rupees hit government revenues could take from tax cuts on petrol and diesel, the finance minister announced on Saturday....