Home Economy Worst is over: PM on inflation

Worst is over: PM on inflation

By IANS,

Mumbai : Prime Minister Manmohan Singh Sunday said he expected a good rabi crop and added that the “worst is over” vis-a-vis the spiralling prices.

Speaking here on the last day of campaigning for the Maharashtra assembly elections, Manmohan Singh said a good October-February rabi crop would positively influence the inflation scenario.

“Prices of some things have risen… The rabi crop will be normal, I am hopeful, and it will have an affect on inflation. The worst is over it seems,” he told reporters.

On the issue of inter-linking rivers, Manmohan Singh said that work on the proposal was in progress and added that “environmental concerns” were slowing it down.

He made it clear that the government did not want to interfere in deciding the salaries of CEOs of companies.

“I had raised the issue in a general way. The government has no such intention in imposing salary restrictions on CEOs.”