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Prime Minister Manmohan Singh has denied the reports which citied that government has plans for restricting the pay packages of CEOs and added that this decision regarding this has to be adopted by the boards of companies.
When asked if government was concerned over the remuneration received by the CEOs of the firms, Prime Minister mentioned that, “We still believe that the salaries are best determined by the boards of various companies and the government as such has no intention of imposing restrictions on CEOs’ salaries”.
“In my address to one of the meetings of CII, I had raised the issue in a general way,” the Prime Minister said, adding the government has not taken any view on the issue.
He also mentioned that the rise in the prices of essential commodities will be soon come down as the worst is over. Unfortunately, a number of factors have contributed to the inflationary trend in the prices of essential commodities, including the rise in prices of commodities in the international markets, an inadequate monsoon and the increased support prices to farmers for their produce. But the worst I believe is over”, said the PM who was addressing an interactive session in Mumbai, that had been organized by Congress.
