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Thursday, Dec 12, 2019

Inflation will be tamed soon: V Narayanasamy

The newly inducted Minister of State for Planning is confident that inflation can be controlled soon.

india Updated: Apr 07, 2008 18:17 IST


The spiralling prices in India will be tamed soon and the Central Government will work closely with the states to control inflation, newly inducted Minister of State for Planning V Narayanasamy said on Monday.

"The Union Government has done its job and within some days price situation will be rectified," said Narayanasamy, also the minister of state for parliamentary affairs, a day after being administered the oath of office.

He replaced MV Rajasekharan at Yojana Bhavan, the headquarters of the Planning Commission.

"Both the Centre and states have to work together to check prices. The Centre sends wheat, rice, kerosene to states. It is the job of the states to distribute these," said the 61-year-old member of the Rajya Sabha from Puducherry.

The lawyer-turned-minister's comments came in the backdrop of India's annual rate of inflation jumping to a three-year high of 7 per cent for the week ended March 22, against 6.68 per cent for the week before.

Narayanasamy has been the party's chief whip in the Rajya Sabha and has had a long innings in the upper house of parliament, having served in several committees. He was nominated to the Rajya Sabha's panel of vice-chairpersons in 1997.