Mumbai, May 25 (PTI) Seeking cooperation of states in containing price rise, the RBI has said efforts are needed to improve farm productivity, develop rural infrastructure and revamp PDS to address supply side issues and contain inflation.
"....They (states) could for instance, help better management of Public Distribution System (PDS) and improve productivity in agriculture and allied activities.
"There is also need for reform in the Agriculture Produce Marketing Committee (APMC) Acts among other measures ," RBI governor D. Subbarao said while speaking at 24th Conference of the State Financial Secretaries here.
The Government data released on May 17 showed a minor dip in headline inflation to 8.66 per cent in April, driven by a moderation in food and manufactured items prices.