The finance minister, P. Chidambaram is quite sure regarding the inflation to get moderate, as certain actions had been taken by the government to reduce the existing inflationary movement.

The United Forum of Banking Unions and Indian Bankers Association were in talks on the matter of salary revision of the banking and insurance sector staff.

Around Rs 200 billion had been paid out as education loans during the last four years, benefiting 12,51,691 pupils, added Mr. Chidambaram.

He also advocated the banking institutions not to be averse to pay out education loans.

However, the newly appointed RBI governor Mr. D Subbarao stated that the inflation at 12.34% has started decelerating, but it was too early to say whether this was a `discernible` movement.