Steps to check inflation will take time to bear fruit: PM
As the government continued to face all-round flak over the soaring prices of essential commodities, Prime Minister Manmohan Singh on Monday said several steps have been taken to tame inflation but it would take some time before these bear fruit.
By PTI |
NEW DELHI: As the government continued to face all-round flak over the soaring prices of essential commodities, Prime Minister Manmohan Singh on Monday said several steps have been taken to tame inflation but it would take some time before these bear fruit.
"We have taken several measures. It will take some time (to have an impact)," he told reporters when asked about the inflation graph going further up.
Exuding confidence that "things will improve," he said the agriculture situation was "excellent" and there has been "a record food production of 227 million tonnes."
"We have improved upon procurement of wheat and rice as well as vegetable oil and pulses," the Prime Minister said.
Government has been facing flak from both allies and the opposition over inflation soaring to a 42-month high of 7.57 per cent for the week ended April 19 on account of higher prices of vegetables, food articles, steel and some fuel items.
"We have taken several measures. It will take some time (to have an impact)," he told reporters when asked about the inflation graph going further up.
Exuding confidence that "things will improve," he said the agriculture situation was "excellent" and there has been "a record food production of 227 million tonnes."
"We have improved upon procurement of wheat and rice as well as vegetable oil and pulses," the Prime Minister said.
Government has been facing flak from both allies and the opposition over inflation soaring to a 42-month high of 7.57 per cent for the week ended April 19 on account of higher prices of vegetables, food articles, steel and some fuel items.
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