Finance Minister P Chidambaram said on Tuesday the government will continue to take fiscal, monetary and supply side steps to moderate the high inflation rate and will not hesitate to import foodgrains and pulses if need arises.
"The (then) government took 12 to 18 months to moderate inflation rate in 2000-01" when it hovered over eight per cent for 12 weeks and above six per cent for 48 out of 52 weeks, Finance Minister P Chidambaram said replying to supplementaries during Question Hour.
"(The current rate) of inflation is not as high as 2000-01. We are confident, inflation will be moderated," he said.
Inflation rate last week declined to 6.02 per cent from 6.5 per cent earlier, Chidambaram said adding it is expected to further decline when wheat and potato corp come in the market.
"We
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