Thursday, April 03, 2008
Fiscal steps will moderate inflation - Montek
NEW DELHI (Reuters) - Fiscal steps taken by the government will help moderate inflation, but there is a need to recognise that high inflation is a global phenomenon, a top policymaker said on Wednesday.
"We will be able to contol it. The steps taken are bold. They are not bits and pieces. Inflation will be handled," the deputy chairman of the planning commission, Montek Singh Ahluwalia, told reporters.