Finance Minister Pranab Mukherjee today attributed the supply side constraints the major reason for the rising inflation. Speaking on the side lines of a function, Mr Mukherjee expressed concern over the inflation rate crossing double digit mark. It has reached 10.6 per cent. The Finance Minister added that appropriate measures will be taken to tackle the problem. Earlier,addressing the foundation day function of Vijaya Bank in New Delhi, the Finance Minister said 500 million skilled man power will be required to meet the challenge of inclusive growth in next 20 years.He said banks will have to play an important role in financial inclusion and the government had instructed banks to extend banking facilities to all the villages by March next year.These facilities will be available to the villages having population of 2000 or more. He said 208 villages have been already covered
News On AIR | October 21, 2011 6:16 PM
Supply side constraints major reason for rising inflation: FM