Finance Minister Pranab Mukherjee today asked states to revamp the public distribution system to protect the poor from inflation.Talking to reporters at Jangipur in West Bengal Mr.Mukherjee said the government programme for providing subsidised rice and wheat to 6.5 crore below poverty line or BPL families can be successfully implented only if the public distribution system is revamped.The Finance Minister said, the inflation numbers have started coming down and all three consumer price indexes and wholesale price-based inflation numbers are in single digits for the first time in sixteen months. He said, Reserve Bank of India or RBI will try to strike a balance between growth and inflation at its monetary policy review next week. The central bank will come out with monetary policy review on Tuesday.
News On AIR | October 31, 2010 6:31 PM
FM asks states to revamp PDS