Lok Sabha debates the issue of price rise

Proceedings in the Lok Sabha went off quite smoothly and in a very constructive manner on the third day of the monsoon session on Wednesday.

Following the question hour, discussion under rule 184 on the issue of price rise was initiated by BJP leader Yashwant Sinha.

Treasury benches defended the govt with Salman Khurshid taking the lead.

Khurshid said that govt is taking all options possible to curb inflation.

"We will not accept inflation of more than three per cent," Yashwant Sinha said after moving a resolution on price rise.

The opposition had been pressing for a discussion on price rise in the backdrop of the inflation which stood at 9.4 per cent in June and is likely to remain high till November.
Defending the government, Law Minister Salman Khurshid attributed high inflation to increasing prices of crude oil in the international market.
The government had taken a number of fiscal measures like reducing import duties, suspended futures trading in rice and certain pulses to rein in prices, he said.
Finance Minister Pranab Mukherjee will reply to the debate tomorrow.