Govt making all efforts to check inflation
The Congress-led UPA government is making all efforts to bring down spiralling prices and reduce the inflation rate in the country,Union Minister of state for Information Technology, Jyothiraditya Scindia said.
By PTI |
MANGALORE: The Congress-led UPA government is making all efforts to bring down spiralling prices and reduce the inflation rate in the country,Union Minister of state for Information Technology, Jyothiraditya Scindia said.
The rising inflation is not domestically oriented but due to the worldwide inflation caused by complete collapse of the "bread basket" in Ukraine and oil prices touching $ 123 dollars per barrel, he told reporters.
"The price rise is a temporary phenomenon and will stabilise soon", Scindia told reportes here today.
The government is also contemplating banning forward trading and taking stern action against hoarders, he said.
There is a "dire shortage" of food commodities and the government is planning to increase food production from 215 MT to 235 MT, Scindia said.
On the Karnataka political scenario Scindia said there is dearth of stable governments in Karnataka and only Congress can provide a stable government.
The rising inflation is not domestically oriented but due to the worldwide inflation caused by complete collapse of the "bread basket" in Ukraine and oil prices touching $ 123 dollars per barrel, he told reporters.
"The price rise is a temporary phenomenon and will stabilise soon", Scindia told reportes here today.
The government is also contemplating banning forward trading and taking stern action against hoarders, he said.
There is a "dire shortage" of food commodities and the government is planning to increase food production from 215 MT to 235 MT, Scindia said.
On the Karnataka political scenario Scindia said there is dearth of stable governments in Karnataka and only Congress can provide a stable government.
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