Credit policy not to bring down prices: Issac

Palakkad, Apr 29 (UNI) Kerala Finance Minister T M Thomas Issac today said the annual credit policy announced by the Reserve bank will not help in controlling price hike.

Moreover, the hiking of the Cash Reserve Ratio by 0.25 per cent to 8.254 per cent will also not help in controlling price hike, he told reporters here.

The Public Distribution System should be strengthened, which would help in curtailing the price hike of essential commodities, he said.

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