Containing inflation priority for new government - Naidu
NEW DELHI (Reuters) - Containing inflation is a priority for the newly formed government, Parliamentary Affairs Minister M. Venkaiah Naidu said on Thursday after a cabinet meeting.
"Containing inflation is an obvious priority for the government," Naidu told a news briefing after Prime Minister Narendra Modi chaired a cabinet meeting.
Modi, who was sworn in on Monday after a landslide election victory, has completed his government team. Thursday's cabinet meeting scheduled an opening session of the lower house of parliament for June 4-11.
(Reporting by Manoj Kumar; Writing by Douglas Busvine; Editing by Devidutta Tripathy)
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The recent market correction was overdue. A further correction would be an opportunity for those who missed the rally in the past few months. The markets could get a reality check next year and consolidate before the next big movement. I still believe PM Modi will not fritter away his mandate and deliver on his promise, albeit with a delay, writes Ambareesh Baliga. Article