The government today said that it has taken several measures to contain price rise. As a result of these measures, the inflation in food has declined to 12.73 per cent in June this year from its peak of 20.47 per cent in December last year. In a written reply in the Rajya Sabha, the Finance Minister, Mr Pranab Mukherjee said inflation in 30 essential commodities has also gone down to 13.15 per cent in June from its peak 23.84 per cent in January this year. Mr Mukherjee also outlined other important measures taken by the government to contain inflation, particularly food inflation. They included selective ban on exports and futures trading in rice, urad and tur, zero import duty on select food items, removal of restrictions on licensing, stock limits and movement of food articles.
News On AIR | July 27, 2010 1:40 PM
Govt. takes several measures to contain price rise