<h1>India's Inflation Declines; Global Quantitative Easing Irrelevant, Says Finance Minister; Oil Subsidy Allocation Detailed.</h1> The Union Finance Minister stated that quantitative easing in the USA, China, and Japan is irrelevant to India's situation. Inflation in India, including agricultural labor and core inflation, is decreasing, with WPI headline inflation below 5% and CPI-based inflation also declining. Foreign inflows remain strong, reducing the need for concern. The Finance Minister clarified that the US Federal Reserve's stance on quantitative easing has been misunderstood, with no changes in Japan or Europe. For the oil subsidy, Rs. 80,000 crore is expected to be sufficient for the year, with Rs. 45,000 crore already allocated to the Ministry of Petroleum and Natural Gas.