New Delhi, May 1 : Finance Minister P Chidambaram said on Thursday that state-ru

New Delhi, Apr 29 : Finance Minister P Chidambaram on Tuesday gave assurances that the Reserve Bank of India’s monetary policy and fiscal measures would help to control inflation.

“The 25 basis points hike in the Cash Reserve Ratio by the RBI, the steps taken in the last three weeks on the food front and the measures announced today together would have an impact on the price situation,” Chidambaram told members of the Lok Sabha after the passage of the Finance Bill.

“Changes in duty charges that was announced today, would have a revenue implication of Rs 1,500 crore, while those announced between the budget and now would have an impact of Rs 4,840 crore,” he added.

New Delhi, Apr 25 : Union Finance Minister P Chidambaram told the Lok Sabha on Friday that every measure within the power of the government has been taken and would be taken to calm inflation being largely driven by high international commodity and food prices.

“You must be patient. We must take whatever steps have to be taken and I am confident that inflation will moderate over a period of time. Inflation as we said in the debate is largely driven by international prices of commodities and food,” Chidambaram said.

TheNew Delhi, Apr 16: Inflation control measures and the robust Gross Domestic Product (GDP) growth cannot go hand in hand, said Finance Minister P Chidambaram today in the Rajya Sabha.

Chidambaram’s comments came in response to a remark made by senior BJP leader Murli Manohar Joshi.

Congress leader PJ Kurien defended the government on the issue of price rise, stating that the Reserve Bank has revised the Cash Reserve Ratio (CRR) eight times to control inflation.

New Delhi, Apr. 15 : Finance Minister P.

New Delhi, Mar 29 : Concerned over the inflation rate spiralling out of control, the Cabinet Committee on Prices will meet on Monday to assess factors responsible for soaring prices.

Finance Secretary D Subbarao told reporters here on the sidelines of a seminar that 6.68 per cent inflation rate for the week ending March 15 was partly due to high global commodity prices.