"Anti-inflationary steps to continue" -Governance Now

"Anti-inflationary steps to continue"

Pranab Mukherjee assures MPs

PTI | February 24, 2010

On Monday, when the government came under severe attack in parliament on spiralling prices, Finance Minister Pranab Mukherjee said fiscal measures had been taken to cool down inflation and that several of them would continue in the next fiscal too.

Several of these measures had cooled down the rate of price increase in cereals and pulses, Mukherjee told Rajya Sabha.

"The government has taken several measures to check inflation in food items... several anti-inflationary measures will continue during 2010-11," he said in a written reply.

Giving details, Mukherjee said the government had reduced import duties on rice, wheat, pulses, edible crude oil and sugar to zero, cut import duties on refined and hydrogenated oils and vegetables oils, allowed import of raw sugar at zero duty up to this calendar year-end.

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