Reserve Bank of India Governor, Mr. Raghuram Rajan has informed that he is closely monitoring the inflation. He told that proper management of essential food items can help reduce the prices.
If government desires, it can tackle all the debt problems by itself. Even though inflation has touched a peak for the last 5 months, the rise in crude oil prices following internal unrest in Iraq has been one of the main reasons.
Steps will be taken to control inflation in the coming financial quarters.