"I regret to point out that the (BJP's) resolution is an exercise in self-deception and is aimed at spreading disinformation," he said in a statement, referring to the resolution adopted by the opposition party's National Executive that sought the UPA government's resignation.
As inflation for the week ending May 24 rose to 8.24 per cent, he admitted that "we have not overcome all our problems... We admit inflation is a problem..." but added that the government was yet to hear any "concrete suggestions" from the BJP-NDA to moderate the rate of price rise.
"We are willing to take more measures (to control inflation)," Chidambaram said, adding that "the UPA government is confident that it will, with the understanding and support of the people, overcome the current difficulties."
Separately, RBI Governor Y V Reddy has said that the central bank would take measures to control inflation, leading to speculation that there would be hike in banks' mandatory cash reserve requirements or short-term inter-bank policy rates.
On June 4, the day the government decided to hike prices of petrol, diesel and cooking gas, the BJP had described the increase as "economic terror" unleashed on the people by the UPA.
Chidambaram said the UPA government did not enjoy benign global crude oil prices, as did the NDA regime.
