Consumer Unity and Trust Society
suggets reforms to contain inflation
Press Trust of
India, June 06, 2014 |
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The Consumer Unity and Trust
Society (CUTS), an NGO, today suggested Minister of Finance
and Corporate AffairsArun Jaitley there was a need to
introduce competition and transparency reforms to contain
inflation and achieve high growth.
The new government at Centre has
obtained clear and sustainable majority in Lok Sabha, it
must work towards achieving the goal of turning India into a
USD 10 trillion economy by 2030 in absolute terms, ie, not
on purchasing power parity, Pradeep S Mehta, CUTS' Secretary
General who attended the FM's pre-budget consultation
meeting in Delhithis forenoon, emphasised.
CUTS in its memorandum submitted
to Jaitley focused on four critical areas of competiton,
public procurement, financial consumer protection and fiscal
management.
"And introducing reforms in
these areas would assist in containing inflation and
achieving optimal growth, while protecting the needs of
vulnerable consumers and bringing transparency and
accountability in economic governance, he added.
He also elaborated plans on
implementing National Competition Policy (NCP), implementing
Public Procurement Act and National Public Procurement
Policy, Financial Consumer Proteciton Act, and Fixing Fiscal
Management practices.
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Regional Conference “A Scoping Study on the Impact of
Climate Change and Food Insecurity on Poverty in South Asia”
January 11, 2011, Magnolia, India Habitat Centre,
New Delhi, India
Outcome Mapping for Programme and Project Planning
February 15-17, 2011,
Hotel Jaipur Palace, Jaipur, India
Conference on Reviewing the Global Experience with Economic
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April 18-20, 2011,
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