New Delhi, July 24: Pinning hopes on the expected good monsoon this year, the Prime Minister, Dr Manmohan Singh, on Monday said food prices will soon come down and consequently inflation would ease to six per cent by December. Inflation currently is in double digits.
In his concluding remarks to the National Development Council meeting, he also said that he has constituted a sub-committee of NDC under the chairmanship of the Union urban development minister, Mr S. Jaipal Reddy, to look into various aspects and bottlenecks confronting urbanisation process and asked it to submit the report within 12 months.
He has also asked the Planning Commission to work out an integrated water policy like integrated energy policy for better use of water resources.
Dr Singh regretted that states were not paying due attention to farm sector. “This must be corrected if we want to achieve a broad-based improvement in living standards in rural areas,” he said.