Measure taken
Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features
2010 Commonwealth Games ~ 2010 Nobel Prizes ~ Sachin Tendulkar ~ Rajasthan Royals ~ Kings XI Punjab ~ Sushil Kumar ~ Deepika Kumari ~ Somdev Devvarman ~ HR Bhardwaj
Home / India News / 2007 / May 2007 / May 3, 2007
Measure taken to curb inflation will show results soon: Chidambaram
RSS / Print / Comments

Top News

144 Section in Hyderabad ahead of Ayodhya verdict

Manmohan Singh to campaign in Bihar today

FBI failed to act on Headley's wife's terror link expose 3 yrs before Mumbai attacks

Craven's horror flicks 'were inspired by real stories'

RBI will intervene if inflows turn lumpy: Subbarao

Enforcement Directorate issues 'Look Out Circular' against Lalit Modi

Now, laser technology that destroys tumours using heat

Waist size, not BMI can foretell cardiovascular risk in children

Measure taken to curb inflation will show results soon: Chidambaram

Union Finance Minister Palaniappan Chidambaram today said measures taken by the Centre to moderate inflation would bear fruit in future.

New Delhi, May 3 : Union Finance Minister Palaniappan Chidambaram today said measures taken by the Centre to moderate inflation would bear fruit in future.

"I believe that the measures taken by the government will bear fruit in the near future. I also wish to place the present inflation in context. Average inflation in 2006-7 was 5.4 percent, peak inflation was 6 average inflation 5.4 percent. In the government's view this is still high and requires to be contained below 4.5 percent," he said in the Lok Sabha.

He announced some changes to the budget proposals presented in the Parliament in February.

Chidambaram said a tax on employees' stock options would continue. It would come into force once options are exercised or shares are sold and not at the time of allotment as announced earlier.

He also said that duty on Iron ore exports would be cut.

Inflation is now hovering around 6.0 percent, having hit a two-year high of 6.7 percent in January.

ANI

Suggested pages for your additional reading
AndhraNews.net on Facebook






© 2000-2017 AndhraNews.net. All Rights Reserved and are of their respective owners.
Disclaimer, Terms of Service & Privacy Policy | Contact Us