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Nirmala Sitharaman trashes fear of India slipping into recession

India's general debt is also in a good position compared to many other countries," Finance Minister Nirmala Sitharaman said, during a discussion on price in the Lok Sabha. There are no chances of India slipping into a recession or stagflation the Opposition mounted questions against the government over the recent spurt in the rate of inflation. At the moment of discharge keeping the price of essential items in check, government has not only controlled inflation at the same point efficiently managed the country debt which were in the loss .As far as others country debt India is in good position which highlights the lok shaba . The minister claimed that the government has acted to reduce the cost of imports, and has drastically lowered duties on edible oils. According to the recent hike in tax rates on a number of products, Sitharaman told the House that GST Council had taken the decision after detailed discussions. Repeats that there is no GST on loose milk and other loose food items. GST compensation has been extended until 2026 and that one month's compensation payment is yet to be paid to states. She also called upon the state governments of Tamil Nadu, Telangana, Rajasthan, Jharkhand, Punjab, Kerala and Chhattisgarh and many other parts of India.

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