NETWORK18

News Videos Blogs

Font Size A+A-

'UPA is not like NDA, inflation will come down'

TimePublished on Sun, Jun 22, 2008 at 22:02, Updated on Mon, Jun 23, 2008 at 01:51 in Nation section

DASMUNSI DOUBLESPEAK? The performance of the Congress-led Govt will surpass the NDA rule, says Dasmuni.

DASMUNSI DOUBLESPEAK? The performance of the Congress-led Govt will surpass the NDA rule, says Dasmuni.


      

Featured Blog

Featured Slideshows

Ads by Google
Page 2 of 5

Priya Ranjan Dasmunsi: I did not say inflation will come down.

Karan Thapar: You did. You said substantially.

Priya Ranjan Dasmunsi: I said the inflation depends on some key factors. One is the oil economy of the world. Second, of course the essential food items based on our own domestic production. And at the present moment, I can say with full confidence that in Asia we are absolutely secure as far as the food front is concerned. Depending on the crop prospect of Kharif, if it goes well, I can say that the inflationary trend, which people are saying, will go beyond a margin, will actually come down.

Karan Thapar: You confused the audience. You began the interview by saying that by the time Kharif crop comes in, inflation will come down substantially. Now you are saying that you did not say that inflation would come down. So, what are you saying? Will it come down, go up or not?

Priya Ranjan Dasmunsi: Inflation is substantially linked with the oil economy of the world and the food front scenario of the country. If the inflation trend is to be managed…then Kharif prospect is assessed, inflation is likely to come down. However, no one can predict the oil scenario in the world.

Karan Thapar: So you are saying that you hope it comes down, but you can’t assure?

Priya Ranjan Dasmunsi: I hope it comes down but I cant predict because I am not an astrologer.

Karan Thapar: So, the truth is that you don't know?

Priya Ranjan Dasmunsi: You or an expert in this field would also not know. Not even international relations experts or the politicians know about the future. What I can predict is that our Government will give the most stable, viable and convincing economy in Asia and much better than what NDA could manage or ever managed.

Karan Thapar: But the truth is that this is just hope.

Priya Ranjan Dasmunsi: No. Not hope. You should come with facts and figures.

Karan Thapar: I have come with facts and figures.

Priya Ranjan Dasmunsi: I request you to bring Yashwant Sinha and Jaswant Singh on the same table with Chidambaram and Pranab Mukherjee with facts and figures. And, if I do use the language of Twenty20, then I must say that Chidambaram and Pranab will knock out Singh and Sinha.

Karan Thapar: But what has this got to do with inflation coming down. You are evading and deliberately not answering.

Priya Ranjan Dasmunsi: I am telling you that the inflationary trend is not in the hands of any country in the world.

Karan Thapar: It is out of your control?

Priya Ranjan Dasmunsi: Last May, in China, the food inflation was more than 18 per cent.

Karan Thapar: You have made a terrible mistake. You brought in China. This year alone, Chinese inflation has come down from 9 per cent to just over 7 per cent. So, I think you are raising a bad example.

Ads by Google

Related links:

CNN-IBN Poll | All About the Money

The Real Estate Poll: Is property hot any longer?

Click here

Catch the results of The Real Estate Poll on All About the Money, weekdays 6.30 pm on CNN-IBN

About Us | Disclaimer | Careers @ IBN | RSS | Podcast | Contact Us | Feedback | Advertise With Us

© 2008 IBNLive.com India. All Rights Reserved. A Web18 Venture