Government today asserted that moderate inflation with impressive growth is its objective. Replying to a debate on Price Rise in the Lok Sabha, the Finance Minister Pranab Mukherjee dismissed the Opposition's charge that inflation is due to high growth rate.The Finance Minister elaborated that food inflation is the result of mismatch between demand and supply. Mr Mukherjee said that India needs to create more investment opportunities and generate more employment and this can be done with active cooperation from the Opposition.The Finance Minister said that the hike in the crude oil prices is a global phenomenon and the government has no control over it. He however said that the recent hike in the prices of diesel and cooking gas is marginal keeping in view the global prices. He said the prices of petroleum products are very low as compared to the countries in our neighbourhood.Mr. Pranab Mukherjee said a number of measures were taken to arrest the impact of international financial melt down. This, he said included three stimulus packages to put the economy on sound rails. Referring to the high rate of inflation, he said all emerging economies like China, Sri Lanka are facing this problem. Dismissing the allegations that people are dying with hunger, he said government has enough food stocks to cater to the needs of the vulnerable sections. He said the prices of food items have increased as the minimum support price of food grains has been substantially increased. The BJP leader Yashwant Sinha who initiated the debate on the issue expressed his disappointment as the finance ministers did not announce any measures to curb the rising prices. Later, the House adopted the resolution which expresses concern on the price rise and its burden on the common man. The resolution calls upon the government to take immediate effective steps to check inflation for giving relief to common man.Earlier, the House rejected the amendment moved by Gurudas Dasgupta of CPI. The members of BSP and SP walk out of the House when the voting took place.Our Parliamentary Correspondent reports that Opposition BJP and members of other parties in the debate urged the Government that if growth is at the cost of inflation, such growth is not required. The ruling members on the other hand highlighted the measures and achievements on the price front while strongly defending the Government. They maintained agriculture recorded an impressive growth of 6.6 percent and whole sale price index has reduced to 9.44 percent. Food Inflation has come down to 8.4 percent from 20 percent in February 2010. Apart from this, Government has provided fifty lakh tones of food grains to people living above poverty line.