The Finance Minister has expressed confidence of food inflation coming down with several measures in place. <br/><br/>In an exclusive interview to AIR and Doordarshan Pranab Mukherjee admitted that food inflation continues to be a worry despite various steps being taken to shield the vulnerable sections from its impact. <br/><br/>Supply side constraints are being checked by improvements in the public distribution system and zero duties on various pulses and commodities in short supply. He hoped that with these steps inflationary pressure there will be further reduced and food inflation will moderate further from its December high.<br/><br/>The Finance Minister also expressed confidence that Government would easily achieve its Disinvestment target of 40,000 crores and was not worried about the market fluctuations, which were largety caused by global flows.<br/><br/>The Finance Minister said that GDP growth of 8.5 percent would have a greater trickle down effect, if labour intensive sectors participate significantly in the growth process.<br/><br/>Mukherjee also disclosed that an investigation is on the IPL issue from Income Tax and money laundering point of view. He said Income Tax Department and Enforcement Directorate are looking into the matter to find out whether there has been any money laundering in IPL.
News On AIR | May 14, 2010 9:02 PM
Pranab hopes food inflation to come down with several measures in place