The finance minister, Mr.P.Chidambaram said on Friday the Reserve Bank of India’s tight monetary policy stance tight monetary policy stance would help tame inflation in 3-6 months. The government on Friday said it propose to involve state-run agencies and consumer federations in containing price rise by augmenting supplies in the market, while cautioning that tam cuts announced earlier may put pressure on exchequer leading on exchequer leading to inflationary tendencies.
Referring to the uncertainties in the international crude oil and commodity prices, the finance minister said efforts are being made to ensure adequate credit availability to the industrial sector despite various monetary measures taken by the Reserve Bank.
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