A day after banning futures trade in four food commodities and persuading steel producers to slash prices, the government said on Thursday more measures were in the offing to curb inflation, which should ease in eight weeks.
"Government is not helpless and has means to ensure prices are brought down. More measures -- both administrative and fiscal -- are in the offing to control inflation," Minister of State for Industry Ashwani Kumar told reporters in New Delhi.
Iron ore, steel and cement would continue to remain under the government scanner, he said.
A series of calibrated measures would ensure that inflation is brought down by at least one percentage point in the next two months, he added.
Prices of wheat, rice and edible oils have already come down between March 1 and May 6,