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Govt to take all measures to bring down prices:PM
New Delhi, Apr 6 (UNI) Prime Minister Manmohan Singh today asserted that the government would take all necessary measures to rein in spiralling prices and control inflation, saying tangible results would be seen in the next few weeks.
Attributing the rise in prices of essential commodities to "imported inflation," he told mediapersons that the government was concerned over the trend and that was the reason why the Cabinet Committee on Prices met last week and took many crucial decisions.
"We must recognise that the imported inflation has had an impact on the prices," he said at Rashtrapathi Bhavan after the swearing-in of seven new Ministers of State, pointing to the increasing prices of petroleum products, food and vegetables worldwide.
In this context, he highlighted the increase in the price of crude oil to 110 dollars per barrel from 38 dollars per barrel when the BJP-led NDA was in power.
The NDA had hiked the prices of petroleum products manifold during 1998-2004. But the increase during the past four years had only been marginal, Dr Singh said.
Likewise, the prices of food supplied under the Public Distribution System (PDS) had not been allowed to go up during the past four years. "We have also not increased the prices of kerosene, LPG and fertilizers," Dr Singh said while underlining that the government had a lot of difficulties.
Asked
if
he
could
specify
by
when
the
prices
would
come
down,
the
Prime
Minister
said
"I
cannot
set
a
time
frame.
May
be,
it
will
take
a
couple
of
weeks."
To
a
question
on
the
Indo-US
nuclear
deal,
Dr
Singh
said
"We
are
hopeful
of
the
deal...We
are
in
the
process
of
discussion
with
the
Left
parties."
Ruling
out
the
possibility
of
an
early
Lok
Sabha
poll,
he
said
"Our
government
will
last
its
full
term.
Our
government
is
stable."
When
a
reporter
asked
him
if
this
was
the
last
expansion
of
his
Council
of
Ministers,
Dr
Singh
said
"as
of
now,
it
is
yes.
But
I
cannot
say
anything
for
sure."
Asked
what
was
the
highlight
of
today's
expansion,
he
said
"we
have
inducted
young
and
experienced
new
faces."
UNI
PMD/SH
AT
RAI2050
