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News18 » Videos » News18 Shorts

Price rise gives UPA run for its money

Feb 23, 2007 12:29 AM IST India India

New Delhi: The Cabinet Committee on price rise chaired by Prime Minister Manmohan Singh has reviewed prices and is set to take more steps to check them.

The Prime Minister has also set up a special monitoring cell in the Cabinet Secretariat to monitor prices and has written to all Chief Ministers asking them to come down heavily on speculators and hoarders.

In the days ahead the Government may ban future trading in agricultural commodities for a while.

The Prime Minister's directive shows that the Congress is worried because rising prices comes with a political cost especially at the time of crucial state elections.

Parliament's Budget Session begins on Friday and the Opposition BJP is likely to turn inflation into a huge issue.

The Congress can also expect flak from the Left, but despite the friendly fire, the Congress will depend on the Left even more for the UPA has 220 members in the Lok Sabha and it is the Left's 59 that take the tally of the coalition to 279 - just past the majority mark of 272.

The Left support is crucial to the UPA as the Samajwadi Party has withdrawn support from the UPA and in the days ahead, one may just see the Government paying more attention to Left demands.

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