Lagatar24 Desk
New Delhi: Finance Minister Nirmala Sitharaman said the government will remain vigilant in managing the fiscal deficit amid the West Asia crisis, while firmly dismissing rumours of any nationwide lockdown in India.
Focus On Fiscal Discipline Amid Global Crisis
Speaking in the Rajya Sabha during the discussion on the Finance Bill 2026, Sitharaman emphasized that the Centre will continue its path of fiscal prudence while increasing non-tax revenue mobilisation. She stated that the government is actively responding to evolving global conditions and is committed to protecting citizens from the impact of rising crude oil prices. Despite global supply disruptions, India has kept petrol and diesel prices stable, supported by a recent excise duty cut to prevent the burden from being passed on to consumers.
Lockdown Rumours Dismissed As Baseless
Addressing public concerns, Sitharaman rejected speculation about a possible lockdown, calling such claims baseless and fear-driven. She contrasted India’s situation with developments in Pakistan, where fuel prices have surged significantly and restrictions have been imposed to conserve energy. She clarified that no such measures are being considered in India and urged people to ignore misinformation. The Rajya Sabha later returned the Finance Bill to the Lok Sabha by voice vote, completing the budget process for the upcoming financial year.
