February 24, 2011 1:06 PM

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Govt committed to control inflation: PM

The Prime Minister today said that the government is committed to control inflation and hoped that it will come down to nearly seven percent by the end of this fiscal. He also said that the National Food Security Bill will be brought in Parliament at an early date. On corruption, Dr. Manmohan Singh assured the members that everything will be done to cleanse public life. He said that the government will cooperate with all agencies including the proposed JPC and the PAC in the investigations till the truth is brought out. Dr. Singh said this while replying to a debate in the Lok Sabha on the Motion of thanks for the President's address at the joint sittings of the Parliament. He said that some unfortunate developments have taken place in Telecom sector and Commonwealth Games and these are being addressed. He said action has been taken where there was actionable evidence and the CBI is on the trail of wrong doers. He however said that there is nothing wrong in the basic telecom policy pursued by the government but the problem was with the way it was implemented. Referring to the Antrix Devas deal, the Prime Minister said that the government's approval for the agreement was not given and the contract has since been annulled. He said that a high level committee has been constituted to look into the commercial aspects and to fix responsibilities on individual. Responding to the concerns with regard to black money stashed in foreign banks, the Prime Minister said that steps are being taken and the government is open to constructive suggestions for tracking and bringing back black money. On taming inflation, Dr. Singh said that there is need to ensure that inflation is controlled without hurting employment opportunities and the balance has to be maintained in this regard. He also said that the government is doing everything in its power to increase agriculture growth and production.

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