Govt prepares for Rs 10,000 crore war chest to fight food inflation

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Govt prepares for Rs 10,000 crore war chest to fight food inflation - Business Standard

Quick Summary:

Before FY25, the largest expenditure through the fund was Rs 11,135.30 crore in FY21, the Budget documents show.

An inadequate monsoon last year, followed by weak post-monsoon rain due to El Nino, has been held as one of the main causes of high food inflation.

The fund provides for maintaining a strategic buffer of commodities for subsequent calibrated releases to moderate price volatility and discourages hoarding and unscrupulous speculation.