Inflation is our major challenge in short term: FM

Speaking at the Business Today Best CFO Awards ceremony, Finance Minister Pranab Mukherjee said, "Our major challenge in the short-term is inflation, which has implications for sustaining high growth momentum in the Indian economy. Inflationary pressures persist both from higher global commodity prices and domestic structural demand-supply imbalances in several commodities." (Transcript of Pranab Mukherjee's speech at the event)