While the headline inflation is showing deceleration, the Associated Chamber of Commerce and Industry of India (ASSOCHAM) says, the rise in prices of items used by the common-man such as fruits, vegetables, potato, rice and milk are worrisome. In fact, when potatoes and tomatoes grab headlines, they limit the policy space both with the Reserve Bank of India (RBI) and the government to really go for bold measures.
So, very effective and quick Central intervention is required with the help of the states to tame the prices of essential commodities whatever it takes, or else bold reforms will remain non-starters, said Mr. Rana Kapoor, President ASSOCHAM.
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