New Delhi: Observing that high food price inflation has been a particular cause for "worry", Prime Minister Manmohan Singh on Sunday said Government and RBI will continue to take the required fiscal and monetary measures to ease inflationary pressures.

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As Food inflation spurted to a six-month high, Singh said the immediate challenge before the country is how to sustain a high growth path, while keeping inflation in check.

Singh made these remarks at the closing session at the Conference of Goverors.

Food inflation in the week to October 15 accelerated to 11.43 per cent propelled by soaring vegetable prices.

"High food price inflation has been a particular cause for worry in the recent months," the Prime Minister said.

Singh said in the longer term the key to tackling rising food prices lay in increasing productivity and production in agriculture and allied sectors.

"We have taken a number of steps in this direction in the Eleventh Plan and these will be further strengthened in the Twelfth Plan," he said.

"Meanwhile, our Government and the Reserve Bank of India will continue to take the required fiscal and monetary measures to ease inflationary pressures," he added.

Singh also lamented the slowdown of the world economy, observing that the international economic environment was "not very encouraging".

Right time to move decisively against corruption

Underlining the urgency to fight corruption in public life, the Prime Minister said it is the right time to move decisively in this direction.

"Our efforts for rapid progress and development can have their full impact only if we curb corruption in public life and improve the processes of governance. I believe this is the right time to move decisively in this direction," Singh said addressing the two-day Conference of Governors.

The Prime Minister promised that his government will "do its utmost to improve transparency and accountability" in the work of public authorities and is committed to taking all possible measures to "curb corruption in administration" and deliver governance to citizens.

Singh mentioned the Lokpal bill among the measures his government was taking in this direction.

The Prime Minister said the government was also working for enacting a law to bring more transparency and accountability in the procurement systems.

"Apart from the Lokpal bill, a bill to amend the Land Acquisition Act has also been introduced in Parliament," he said.

Addressing Governors and Lt Governors at the conference which concluded here, the Prime Minister said he expected the state governments also to act similarly so that these efforts touch all levels of governance in all parts of the country.

(Agencies)