Central enterprise to tame inflation may prove to be tough f

The sturdy decision of the Reserve Bank of India (RBI) to hitch up both of its short-term lending rate and the minimum cash balance commercial banks have to maintain may have made many frown but there is nothing to worry as it has got its biggest advocator, the Union Finance Minister P Chidambaram. The Union FM in a bluff mode advocated each and every progression of the RBI towards this and termed the steps as necessary to contain inflation that has scaled a 13-year high. To his consideration, there is no other way except to adopt these harsh yet necessary measures since the rising saga of inflation, thanks to ceaseless increase of international crude oil prices, is at an all-time high.