Ahead of the interim budget, Executive Director of the IMF and the former Chief Economic Advisor K Subramaniam said on Feb 01 said the government will take forward what it has done in the last few years. He said that the PM Kisan amount could be increased to about 8000 per month. “In PM Kisan, it should be increased to about 8000; apart from this, something can be done for the females. As we have seen in the report of the Chief Economic Advisor, which came recently, the labour force participation rate is quite good, and so it should be encouraged further. Some steps can also be taken to further promote women’s power,” said K Subramaniam. Speaking about global headwinds, K Subramaniam said, “If you see that in the last two years, due to the pandemic and then due to the war between Ukraine and Russia, there were a lot of difficulties on the supply side, some of those difficulties have been reduced now and because of that, the inflation, the global inflation, has come down and because of this, whatever you take from the Federal Reserve or the ECB, which is the Central Bank in Europe, they have, I guess, interest rates that they will reduce and by reducing the interest rates, we mean that in the advanced nations and developed countries, both consumption and investment depend a lot on the interest rates.”