HOME
NATION
NATION (OPINION)
BUSINESS & ECONOMY
INTERNATIONAL
SCIENCE & TECHNOLOGY
ENTERTAINMENT
LIFESTYLE & FASHION
SPORTS
TRAVEL
NATION
NATION (OPINION)
BUSINESS & ECONOMYINTERNATIONAL
SCIENCE & TECHNOLOGY
ENTERTAINMENT
LIFESTYLE & FASHION
SPORTS
TRAVEL
MORE STORIES PMO fails to give information under RTI Seven states seek intra-state linking of 36 rivers Ayodhya verdict to be pronounced Sep 24 INTUC to protest against 'anti-worker policies' Sonia concerned over teacher absenteeism in rural schools Cricketers not guilty until proven: PCB chief Tax sops for IT units setting up operations in rural areas BJP alleges cover-up bid in CVC appointment Indian filmmaker set to return home after pleading guilty 'Obama visit will take ties with indispensable India to next level'
© 2008-2010 Dmanewsdesk.com
- All Rights Reserved.
- All Rights Reserved.
Inflation could be in double digit in March: Mukherjee
March 17, 2010
New Delhi: Finance Minister Pranab Mukherjee Tuesday said that there could be a double-digit inflation in March.
"I will not be surprised if we have a double-digit inflation by March. We are primarily concerned with food inflation. It has to be tackled," Mukherjee told the Rajya Sabha during the discussion on the budget for 2010-11 financial year.
Driven by increasing food prices, India's annual rate of inflation, based on the wholesale price index, rose to a 16-month high of 9.89 percent in February from 8.56 percent in the previous month.
On the other hand, India's annual food inflation based on wholesale prices stood at 17.81 percent for the week ended Feb 27.
Mukherjee said when he took over as finance minister the inflation was at 17 percent.
"When our Prime Minister Manmohan Singh had taken over as finance minister during 1993, the inflation had touched 16 percent and when Indira Gandhi had taken over as prime minister the inflation had crossed 21 percent," he remarked.
Mukherjee stressed: "We have to ensure the momentum of growth. Growth in itself is not an end. Growth must have an objective for inclusive growth that percolates to each and every member of the society".
"I will not be surprised if we have a double-digit inflation by March. We are primarily concerned with food inflation. It has to be tackled," Mukherjee told the Rajya Sabha during the discussion on the budget for 2010-11 financial year.
Driven by increasing food prices, India's annual rate of inflation, based on the wholesale price index, rose to a 16-month high of 9.89 percent in February from 8.56 percent in the previous month.
On the other hand, India's annual food inflation based on wholesale prices stood at 17.81 percent for the week ended Feb 27.
Mukherjee said when he took over as finance minister the inflation was at 17 percent.
"When our Prime Minister Manmohan Singh had taken over as finance minister during 1993, the inflation had touched 16 percent and when Indira Gandhi had taken over as prime minister the inflation had crossed 21 percent," he remarked.
Mukherjee stressed: "We have to ensure the momentum of growth. Growth in itself is not an end. Growth must have an objective for inclusive growth that percolates to each and every member of the society".
Business & Economy
Fuel pricing: EGoM likely to decide on May 21
Dabbling in stock mkt? Leave it to expert for now
EU strikes USD 670 bn crisis deal
India Post to deliver unique identity numbers
Spectrum revenue tops Rs 51,000 cr on Day 25
Why the Ambani family fight is far from over
RCom takes mobile tariff war to next level
India to double exports by 2014: Anand Sharma
SC backs Mukesh; no cheap gas for Anil's RNRL
India-Pakistan trade could reach $10 bn annually
SC to rule in biggest corporate battle today
KKR's ownership transfer, donations under scanner
Make govt, Pawar respondents in IPL plea: Court
Techies can work from home now
Harvard Business School gets new Dean of Indian Origin
No hike in electricity tariff for Delhi
World Bank blacklists Videocon for violating procurement guidelines
Ban on Chinese telecom equipment stays
Pan-India 3G licence price crosses Rs.10,000 cr-mark
EGoM to decide on freeing fuel prices after Par session
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
