https://www.taxtmi.com/news?id=4296 The Government monitors inflation with price stability as a priority and uses fiscal, monetary and administrative measures to contain it; sectoral GDP deflators are preferred for measuring service sector inflation because WPI and CPI partially cover services. Recent sectoral deflator data show services inflation exceeding manufacturing in the cited periods. Policy responses address both demand and supply: monetary measures plus supply side steps such as improving business sentiment, expediting regulatory clearances, announcing a fiscal consolidation roadmap and reducing tax uncertainty. These measures are expected to contain inflation, and no explicit inflation targets for manufacturing or services are set. en-us Fri, 14 Dec 2012 10:39:16 +0530 Fri, 14 Dec 2012 10:39:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4296 The Government monitors inflation with price stability as a priority and uses fiscal, monetary and administrative measures to contain it; sectoral GDP deflators are preferred for measuring service sector inflation because WPI and CPI partially cover services. Recent sectoral deflator data show services inflation exceeding manufacturing in the cited periods. Policy responses address both demand and supply: monetary measures plus supply side steps such as improving business sentiment, expediting regulatory clearances, announcing a fiscal consolidation roadmap and reducing tax uncertainty. These measures are expected to contain inflation, and no explicit inflation targets for manufacturing or services are set. News - Fri, 14 Dec 2012 10:39:16 +0530 https://www.taxtmi.com/news?id=4296