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Cabinet Secy holds talks with government secretaries to curb inflation

Jun 07, 2014 04:48 PM IST Politics Politics
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New Delhi: Cabinet Secretary Ajit Seth met top government secretaries on Saturday. This was the third such meeting after the NDA assumed office on May 27.

Sources told CNN-IBN that the discussion took place on ways to control inflation. Sources added that Seth also discussed the prospects of poor monsoon adding to inflationary pressures.

A below-average monsoon can send food prices soaring. The monsoon hit Kerala on Friday, delayed by six days.

The meeting comes in the backdrop of retail inflation accelerating to a three-month high of 8.59 per cent in April mainly due to increasing prices of vegetables, fruits and milk.

In its election manifesto, the BJP has said that the immediate task of its government would be to rein in inflation.

The steps listed in the manifesto to contain inflation include a Price Stabilisation Fund, setting up of special courts to deal with hoarding and black marketing, unbundling of the Food Corporation of India and establishment of a national agriculture market.

The inflation, measured on Wholesale Price Index (WPI), was 5.2 per cent in April.

(With additional information from PTI)

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