RBI Governor discusses inflation situation with PM
RBI Governor Y V Reddy met Prime Minister Manmohan Singh and is understood to have discussed steps needed to be taken to control the prices.
By PTI |
NEW DELHI: RBI Governor Y V Reddy on Saturday met Prime Minister Manmohan Singh and is understood to have discussed steps needed to be taken to control the prices with inflation shooting to 13-year high at 11.05 per cent.
Reddy's meeting with Singh lasted for about 15-20 minutes, sources said, but details were not available.
Coinciding with the meeting, the Finance ministry started outlining the government's move to control price rise amid reports that Reddy also met Finance Minister P Chidambaram.
The Government had yesterday indicated stronger measures on demand and monetary sides.
Addressing the media, Chidambaram had said "these are difficult times. The government is aware of difficulties... Naturally, we will have to look at stronger measures on demand and monetary sides...We will try to address to best of our abilities the demand and monetary sides and try to improve supply side also."
Reddy's meeting with Singh lasted for about 15-20 minutes, sources said, but details were not available.
Coinciding with the meeting, the Finance ministry started outlining the government's move to control price rise amid reports that Reddy also met Finance Minister P Chidambaram.
The Government had yesterday indicated stronger measures on demand and monetary sides.
Addressing the media, Chidambaram had said "these are difficult times. The government is aware of difficulties... Naturally, we will have to look at stronger measures on demand and monetary sides...We will try to address to best of our abilities the demand and monetary sides and try to improve supply side also."
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
