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More steps can be taken to check inflation: PM

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Press Trust Of India New Delhi
Noting that the government was concerned about inflation, Prime Minister Manmohan Singh today said more steps could be taken to contain it and a moderation could be expected in a couple of weeks.
 
Attributing the inflation to rise in prices of certain commodities internationally, Singh said the government had already taken steps to check the upward trend of prices.
 
"We are all concerned. The Cabinet Committee on Prices met and took certain decisions. Whatever more can be done, will be done," he told reporters at the Rashtrapati Bhawan after the swearing-in of new ministers.
 
Asked about the time-frame by which the inflation was expected to moderate, the PM said "there is no time-frame, I can honestly say. In a couple of weeks, it is expected (to moderate)."
 
The PM said there were "difficulties" as prices of food grains and petroleum products worldwide were going up.

 

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First Published: Apr 07 2008 | 12:00 AM IST

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