India Inc concerned over price rise, political direction to reforms

A major chunk of chief financial officers of Indian companies are concerned aboutt high inflation and political direction to economic reforms, a survey showed.

A CFO Survey, 2013 conducted by consultancy firm Deloitte India, showed that 49 per cent of the respondents consider the rate of price rise and political direction towards economic reforms a major areas of concern.

The survey, released today, comes at a time when the government is trying to build a consensus over economic reforms. Recently, Finance Minister P Chidambaram met senior Bharatiya Janata Party leaders to seek the party's support on the Pension Fund Regulatory and Development Authority (PFRDA) Bill and Direct Taxes Code (DTC).

There are 72 bills, including food security, listed for the Budget session, that started today. However, consensus on most of them has still not been evolved.

Inflation in terms of wholesale prices came down to 6.6 per cent in Janaury from 7.18 per cent in December, while the rate of consumer prices rose to another high of 10.79 per cent from 10.56 per cent.