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Govt To Unveil New Measures To Curb Inessential Imports

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India will announce many new measures in the next few days and weeks to curb non-essential imports in order to strengthen the rupee and contain inflation, Finance Minister P. Chidambaram said on Saturday.
 
The government has already banned duty-free import of flat-screen televisions from August 26, adding to a package of measures designed to prop up the rupee.
 
"I hope that all these measures taken together will have a beneficial impact on inflation," Chidambaram told lawmakers.
 
He added that no decision has been taken to raise fuel prices.
 
Government officials said on Friday, 6 September,  that India may announce more measures to curb fuel consumption later this month and raise diesel prices by close to 10 percent soon in a bid to cut the biggest item in its import bill and support the rupee.
 
(Reuters)