22 Apr 2008 | 11:49
FM says more fiscal measures may be taken to rein in inflation
Finance Minister (FM) P Chidambaram today said more fiscal measures will be taken as and when necessary to rein in inflation. He said the government had already taken a set up fiscal measures and some more fiscal measures are being contemplated.
FM said it remains to be seen as to what further steps the Reserve Bank of India (RBI) takes. RBIs annual policy review is due on 29 April 2008. Last week, RBI raised cash reserve ration by a steep basis points to such out liquidity from the banking system. Inflation surged to a three-year high in late March 2008
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