Am hoping govt, RBI will control inflation in medium term: EAC-PM member

Sanjeev Sanyal tells reporters govt is taking several steps to rein in process, including free rations, pruning of taxes; RBI has increased policy rate

Sanjeev Sanyal, a member of the Economic Advisory Council to the Prime Minister (EAC PM) has expressed the hope that inflation would be controlled in the medium term with monetary policy committee (MPC) of RBI and the government taking measures to rein it in.

A number of steps are being taken by the government to address the rising inflation, Sanyal told reporters on the sidelines of a convocation ceremony at IIM Kashipur in Uttarakhand.

"We are taking a number of steps, on one side, as you know we have extended the free ration distribution that was introduced, on the other