Govt.promises to tame the beast
Hotline: 1800 102 2007
X
Search Business Opportunities
2011-08-16

Govt.promises to tame the beast

Monsoon will tame the inflation, according to Pranab Mukherjee

While there has been a series of rate hikes recently by RBI, the government is hopeful that the they, along with a good monsoon would help moderate inflationary pressures in the country, Finance Minister Pranab Mukherjee said on Tuesday.

"The measures taken to remove supply constraints in some of the agricultural products and the monetary policy adopted by the RBI will help bring about moderation of inflationary pressure," Mukherjee told reporters in New Delhi.

He said the government was working closely with the RBI to bring down inflation to a comfortable level.

The minister said good monsoon would ease the supply-demand gap and help bring down inflation, particularly food inflation.

"I am quite confident that good monsoon will ensure moderation of inflationary pressure," said Mukherjee while reacting to the monthly data on inflation.

The headline inflation based on wholesale price index declined marginally to 9.22 percent in July from 9.44 percent in the previous month, official data showed. The minister said decline in monthly inflation was "good news".

Reacting to the monthly inflation figure, Planning Commission, Deputy Chairman, Montek Singh Ahluwalia said the decline was along expected lines and the government would remain vigilant as the figure was still much above the comfort level.

"It's good that it is declining but it is still high. We have to be vigilant," Ahluwalia said.

Despite the consecutive rate hikes, inflation has remained stubbornly high, almost near double-digit, much above the Central Bank's comfort level of 4-5 percent during the last one and half year.

Related opportunities
  • About: Client is into business of Beauty and wellness (“Business”) under..
    Locations looking for expansion Delhi
    Establishment year 1978
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 0
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About:Baba Da Dhaba is a brand that serves lip-smacking North..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 350 - 12 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Casual dine Restaurants
    About Us: Company is into F&B Business with concepts such as..
    Locations looking for expansion Karnataka
    Establishment year 2011
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Others Food Service
    An up market Panwaadi joint inviting FranchiseePanwaadi, a venture of..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts