(ET)
Ever since the government launched the Pradhan Mantri Ujjwala Yojana (PMUY) in May 2016, non-discretionary inflation, which is essentially food fuel and housing inflation, has almost halved from 6.44% in May’16 to 3.05% in October’17
“ While the crash in food prices has been one of the reasons, we believe such decline is also fueled by the big impetus that has been given to PMUY that almost coincided with the beginning of such decline (launched in May 2016)” said S K Ghosh, group chief economic advisor, State Bank of India.
PMUY aims at empowering poor women who are forced to inhale unhealthy emissions from burning coal, wood and other unclean fuels while cooking. More than 3 Crore LPG connections have been released across the country under the scheme so far.
