Rhetoric alone won’t solve price issue: Pranab

“Prices are a major area of concern,” but they cannot be “merely solved by rhetoric. Corrective economic steps are to be taken,” Finance Minister Pranab Mukherjee said in Rajya Sabha. He was replying to a debate on the Appropriation Bill for supplementary demands for grants.

“Prices are a major area of concern,” but they cannot be “merely solved by rhetoric. Corrective economic steps are to be taken,” Finance Minister Pranab Mukherjee said in Rajya Sabha. He was replying to a debate on the Appropriation Bill for supplementary demands for grants.

HT Image

He said economic policy has to be analysed in context of political philosophy but also placed in context of "contemporary ground situation" in which the policies are formulated and not in "isolation".

Mukherjee said inflation, especially of food items, has gone up because of the “cost push factor” following a high level of government support prices paid to farmers — be it sugarcane, wheat or rice. However,there would be no going back and "farmers will have to be encouraged."