Financial Daily from THE HINDU group of publications
Friday, Aug 20, 2004
Financial Daily from THE HINDU group of publications Friday, Aug 20, 2004 |
||
|
|
||
|
Home Page
-
Economy Industry & Economy - Economy `Govt to take more fiscal measures to ease inflation' Our Bureau
New Delhi , Aug. 19 THE Union Finance Minister, Mr P. Chidambaram, has said that the Government, if necessary, would take more fiscal measures to control inflation. Briefing newspersons after the meeting of the Cabinet Committee on Pricing (CCP) here on Thursday, Mr Chidambaram said that the Government was watching the price situation and there were ample stocks of foodgrains, pulses, fruits and vegetables. "We have reviewed the position of foodgrains, edible oil, sugar and pulses," he said. Perhaps, because of drought in some areas and floods in some places there can be some seasonal fluctuations, but there was no cause for worry, he said. ``Some more steps on fiscal sides will be taken,'' he said, adding that inflation measured by consumer price index was still 3 per cent, which was the benchmark in many countries. The Finance Minister also expressed confidence that the decision to cut duties on petroleum products would dampen the inflationary expectations. Assuring that Government would watch inflation measured by wholesale price index, he said necessary steps would be taken from time to time. ``As happened earlier, I hope inflation on wholesale prices will moderate in some time,'' Mr Chidambaram said.
More Stories on : Economy | Economy
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|