Inflation will be tamed soon: new minister

April 7th, 2008 - 6:15 pm ICT by admin  

New Delhi, April 7 (IANS) The spiralling prices in India will be tamed soon and the central government will work closely with the states to control inflation, newly-inducted Minister of State for Planning V. Narayanasamy said Monday. “The union government has done its job and within some days price situation will be rectified,” said Narayanasamy, also the minister of state for parliamentary affairs, a day after being administered the oath of office.

He replaced M.V. Rajasekharan at Yojana Bhavan, the headquarters of the Planning Commission.

“Both the centre and states have to work together to check prices. The centre sends wheat, rice, kerosene to states. It is the job of the states to distribute these,” said the 61-year-old member of the Rajya Sabha from Puducherry.

The lawyer-turned-minister’s comments came in the backdrop of India’s annual rate of inflation jumping to a three-year high of 7 percent for the week ended March 22, against 6.68 percent for the week before.

Narayanasamy has been the party’s chief whip in the Rajya Sabha and has had a long innings in the upper house of parliament, having served in several committees. He was nominated to the Rajya Sabha’s panel of vice-chairpersons in 1997.

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