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Finance minister Pranab Mukherjee said on Thursday that there was a divergence of view among political parties over the issue of tackling rising prices. He hoped that Parliament would arrive at a consensus after the debate.
The finance minister was replying to the debate over rising prices in the Lok Sabha.
An opposition motion expressing concern over price rise was defeated in the Lok Sabha on Thursday, even as finance minister Pranab Mukherjee assured all steps to tame inflation but said there was no need to temper growth for that.
Amid division following voice a vote, Speaker Meira Kumar declared the motion -- moved by Bharatiya Janata Party (( BJP)) leader and former finance minister Yashwant Sinha and Janata Dal-United leader -- as defeated by 320 votes to 51.
"That despite repeated discussions on price rise in the house, the burden of price rise on the common man is continuing," Meira Kumar said, reading the motion, after it was put to a voice vote and defeated.
"Expressing deep concern over price rise, this house calls upon the government to take immediate effective steps to check inflation that will give relief to the common man," the speaker added from the motion, while putting it for division.
Earlier, replying to the debate on Thursday, Mukherjee sought to assure Parliament that Prime Minister Manmohan Singh's government was taking all possible steps to tackle price rise, but said there was no need to moderate growth in a bid to tame inflation.
"There is no inherent contradiction between inflation and growth," Mukherjee said in reply to a debate in the Lok Sabha, the lower house of parliament, on an opposition motion that expressed deep concern over price rise.
The finance minister said in the 1980s, India's gross domestic product (GDP) growth averaged slightly above 5 percent, and around 6 percent in the 1990s, which figures were relatively low compared with the growth of around 8-8.5 percent now.
"Was inflation low at that time? No!" Mukherjee said, adding several steps were needed to tame inflation and that the house -- both the members of the treasury and opposition -- must collectively ensure these measures are allowed to be taken.
- To read more Political consensus needed to tackle price rise: Pranab Mukherjee - The Times of India
The finance minister was replying to the debate over rising prices in the Lok Sabha.
An opposition motion expressing concern over price rise was defeated in the Lok Sabha on Thursday, even as finance minister Pranab Mukherjee assured all steps to tame inflation but said there was no need to temper growth for that.
Amid division following voice a vote, Speaker Meira Kumar declared the motion -- moved by Bharatiya Janata Party (( BJP)) leader and former finance minister Yashwant Sinha and Janata Dal-United leader -- as defeated by 320 votes to 51.
"That despite repeated discussions on price rise in the house, the burden of price rise on the common man is continuing," Meira Kumar said, reading the motion, after it was put to a voice vote and defeated.
"Expressing deep concern over price rise, this house calls upon the government to take immediate effective steps to check inflation that will give relief to the common man," the speaker added from the motion, while putting it for division.
Earlier, replying to the debate on Thursday, Mukherjee sought to assure Parliament that Prime Minister Manmohan Singh's government was taking all possible steps to tackle price rise, but said there was no need to moderate growth in a bid to tame inflation.
"There is no inherent contradiction between inflation and growth," Mukherjee said in reply to a debate in the Lok Sabha, the lower house of parliament, on an opposition motion that expressed deep concern over price rise.
The finance minister said in the 1980s, India's gross domestic product (GDP) growth averaged slightly above 5 percent, and around 6 percent in the 1990s, which figures were relatively low compared with the growth of around 8-8.5 percent now.
"Was inflation low at that time? No!" Mukherjee said, adding several steps were needed to tame inflation and that the house -- both the members of the treasury and opposition -- must collectively ensure these measures are allowed to be taken.
- To read more Political consensus needed to tackle price rise: Pranab Mukherjee - The Times of India