Inflation to remain within 4%-6% range, says Bajaj

Taking steps to address supplies: FM

Inflation would remain within the range of 4% to 6% in the coming year and the Union government was taking periodic steps to contain it, Revenue Secretary Tarun Bajaj said on Wednesday. “The Reserve Bank of India (RBI) has come out with guidance on inflation and it has said that inflation, which is little bit up, will cool down in sometime. And we also feel that once the crops come out, inflation should come down,” Mr. Bajaj said a press conference in Mumbai. Asserting that the government had adopted various strategies to reign in inflation, the top Revenue official said the government had reduced duties on a number of products such as edible oil and pulses to improve supplies.