Retail food inflation eased to 4.80% last May.
The government plans to transfer all subsidies including food, fertiliser and kerosene, potentially taking direct payments to more than $60 billion.
New Delhi says existing food stocks will be sufficient to contain any food price shock.
Overhauling India's bloated and often sluggish state banks is critical for the government
He assured fears of food shortages were far-fetched.
To cover most of the gap, the road ministry plans to raise $7 billion.
India likely to overtake China on strong GDP growth.
Modi has taken a slew of measures to attract investment, but he has yet to initiate steps that could help repair corporate balance sheets.
New Delhi was reluctant to spook investors by clipping the bank's wings
India will be able to manage potential inflationary pressures if forecasts of sub-par monsoon
Consumer food price inflation eased to 6.14%.
It was 2.6% in January.
The exemption from MAT does not apply retroactively.
The output had expanded 1.8 per cent year-on-year in January.
The move will likely attract more retail investors.
Wholesale prices fall 2.06% in February.
Jaitley promised higher investment in roads and railways.
Inflation is on a declining trend, Eco Survey stated.
Narendra Modi has made it easier for businesses to buy farm land.
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