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States equally responsible for curbing price rise: Sonia Gandhi

The Congress president said the galloping stock market and rising investments do not convey the real problems that common people face in day-to-day lives as inflation continues to be "challenge".

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With the central government coming under persistent attack over inflation, Congress President Sonia Gandhi today made it clear that states could not escape the blame as they have equal responsibility in controlling price hike.

She said the galloping stock market and rising investments do not convey the real problems that common people face in day-to-day lives as inflation continues to be "challenge".

Addressing the AICC meet here, Gandhi said, "I want to emphasise that if checking price rise is responsibility of Centre, states are equally responsible for the same".

She said that "states easily take credit for the schemes which are formulated and funded by Centre. But when it comes to inflation, they blame the Centre."

The Congress chief asked party cadres to put pressure on state governments to take action stern action against black-marketers, hoarders and speculators.

Inflation inched up to 8.62% in September, while the food inflation was 13.75% for the week ended October 16.

Reserve Bank in its mid-year economic policy review had said that inflation was "above comfort level" and for the sixth time in the year increased the repo and reverse-repo (short-term lending and borrowing rates) by 25 basis points to check price rise.

Finance minister Pranab Mukherjee described inflation as one of the most important challenges which the government was trying to address.

Mukherjee recalled how the government and the RBI had tried to contain inflation by reducing import duties and tightening monetary policy.

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