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The central govenment has formed a committee to prepare a roadmap for merging the wholesale price index and the consumer price index, Finance Minister Pranab Mukherjee said here Sunday.
"A committee has been formed under the Central Statistical Organisation which is studying the trends in the wholesale price index and consumer price index and how soon both can be converged," Mukherjee told reporters, responding to a query on the prices continuing their upward trend despite an unprecedented dip in the inflation rate.
"The report will come out very soon," Mukherjee said.
Stressing that the government will meet the requirements of the private sector from the market, the finance minister said: "Providing debt to the private sector is a necessity. They don't need to pay more interest for that".
Last updated on Jul 12th, 2009 at 19:28 pm IST--IANS
US President Barack Obama has been forced to postpone until June a trip to Asia, as his fellow Democrats scrambled for support Thursday ahead of a final vote on health care reform as early as this weekend in the House of Representatives.
Major US stock indices were mixed Thursday as government figures showed consumer prices were flat in February and a private research group's gauge of the economy signalled a slow but continuing recovery.
US President Barack Obama Thursday signed a nearly $18-billion jobs bill into law, hoping the measure will be the first of many to bring the labour market out of a long slump.
The Telugu film industry Thursday withdrew its shutdown call to protest against piracy and producer Yalamanchi Ravichand also called off his fast-unto-death after the Andhra Pradesh government assured that it would take steps to deal firmly with the issue.
South Korean steel major POSCO, which proposes to set up a $12 billion steel plant in Orissa, has sought the state government's help in acquiring land for its proposed project.
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