More measures to calm prices: FM | business | Hindustan Times
  • Thursday, Jul 19, 2018
  •   °C  
Today in New Delhi, India
Jul 19, 2018-Thursday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

More measures to calm prices: FM

A cabinet panel on prices will take more steps to calm inflation, says Finance Minister P Chidambaram.

business Updated: Apr 15, 2008 13:03 IST
Reuters

A cabinet panel on prices will take more measures to calm inflation and will meet soon, Finance Minister Palaniappan Chidambaram said on Tuesday.

Indian inflation jumped to its highest in more than three years in late March reaching 7.41 per cent. The ruling communist-backed government has taken several steps to cool price pressures ahead of state and national elections this year and next.

"I do not know when the cabinet committee on prices will meet but when it meets, I expect some measures," Chidambaram told reporters without elaborating.