More steps soon to check inflation: Chidambaram

Prime Minister Manmohan Singh would take more measures to contain inflation and bring the economy back on the higher growth trajectory, Home Minister P Chidambaram said on Friday. “It’s not correct to say that measures were not taken earlier. Measures were taken, but we find that some more measures are required and I am confident the PM will take the necessary measures," he said.

The prime minister has already identified issues like promoting savings and investment and containing fiscal and current account deficits, he said, adding, "in the days to come, you will find the government addressing these issues. And, once we address these issues, we will get back to the high growth path," he said.

 

"Getting back to the high growth path is not a matter of rhetorics or politics. We have to address the issues," he said.

On when he was going to take over as the new finance minister, Chidambaram quipped, "I took over as the finance minister on May 22, 2004, and I demitted office on November 30, 2008. I cannot look into the future. I am not an astrologer."