Cab Secy calls meeting of secretaries on inflation on Saturday

Cabinet Secretary Ajit Seth has called a meeting of secretaries on Saturday to chalk out the strategy to deal with high inflation.
The meeting, sources said, will be attended by secretaries from key economic ministries like commerce and industry, agriculture, finance.
The meeting comes in the backdrop of retail inflation accelerating to a three-month high of 8.59 per cent in April mainly due to increasing prices of vegetables, fruits and milk.
In its election manifesto, the BJP has said that the immediate task of its government would be to rein in inflation.
The steps listed in the manifesto to contain inflation include a Price Stabilisation Fund, setting up of special courts to deal with hoarding and black marketing, unbundling of the Food Corporation of India and establishment of a national agriculture market.

These issues are likely to figure in the meeting called by Seth, who was recently given six months extension.
The RBI has recently kept the key interest rate unchanged at 8 per cent.
The inflation, measured on Wholesale Price Index (WPI), was 5.2 per cent in April.