Exclusive: RBI Governor to meet Consumer Affairs Secretary to discuss rising food inflation

RBI Governor Shaktikanta Das will meet Secretary of Ministry of Consumer Affairs on Tuesday to discuss rising food inflation. As per the exclusive information received by Zee Business, the steep rise in vegetable prices will be discussed alongwith the steps being taken to keep onion prices in check. Also on the cards is a discussion on the current scenario after the government had taken proactive steps to control the steep hike in tomato prices.

As per the information, the government is keeping a tab on prices of essential commodities to ensure that prices remain under control during the upcoming festive season. And in this regard, it is possible that a strategy to keep prices under check will also be discussed during the meeting on Tuesday. 

The meeting comes ahead of the Inter-Ministerial Committee (IMC) meeting which has been scheduled for Wednesday. 

Ahead of the crucial meeting on inflation, the RBI Governor on Monday chaired the meeting of the sub-committee of the Financial Stability and Development Council (FSDC), which reviewed the major global and domestic macroeconomic and financial developments.

It resolved to remain vigilant against any build-up in vulnerabilities in all segments of the Indian financial system as well as in the broader economy.

It also focussed on preserving the financial system stability for attaining strong, sustainable and inclusive growth.The panel also discussed issues of inter-regulatory coordination relating to the Indian financial sector activities of various technical groups under its purview, and the functioning of state level coordination committees (SLCCs) in various states.

The meeting was attended by the members of the committee namely Finance Secretary T.V. Somanathan, Banking Secretary Vivek Joshi, Revenue Secretary Sanjay Malhotra, Corporate Affairs Secretary Manoj Govil and SEBI Chairperson Madhabi Puri Buch. The IRDAI, the PFRDA and Insolvency and Bankruptcy Board of India chiefs and Deputy Governors of the RBI, also attended the meeting.

(With Agency Inputs)