The news story you are looking for has expired. A more recent related article is displayed below.

Ads by Google

Call for Indian govt to withdraw stimulus packages slowly

HYDERABAD, Sept 18, 2009 (Asia In Focus via COMTEX) --

Company: Bank of India (BKIAF)

The Prime Minister's economic panel on Thursday said the Indian government and the Reserve Bank Of India (RBI) will have to slowly withdraw the stimulus packages given during the slowdown once the economy begins to show surer signs of recovery. "There should, however, not be a premature withdrawal and the RBI has to guard against re-emergence of inflation," Chairman of the Prime Minister's Economic Advisory Council C Rangarajan said on Thursday in his address to a seminar on 'International Financial Crisis and Its Impact on India'.

* The former Governor of RBI said India would see "definite signs of recovery" in the second half of 2009-10.

* On growth forecast, he said this fiscal year will see a rate of 6 and 6.5 per cent, but it will be higher next fiscal year.

Copyright (C) 2009 Asia in Focus. All rights reserved

News Provided by COMTEX

Company: Bank of India (BKIAF)


Related terms: government, india, inflation, rbi

Related Articles

INDIA'S RBI HINTS AT CONTINUATION OF ACCOMMODATIVE STANCE - Zibb.com
Oct 27, 2009
INDIA'S RBI HINTS AT CONTINUATION...Reserve Bank of India today indicated...policy challenge," RBI said in its macro...monetary policy. Prime Minister Manmohan Singh yesterday...for withdrawing stimulus packages provided to the...

Berlusconi to attend trial hearings
Nov 3, 2009
... MILAN -- Italy's beleaguered Prime Minister Silvio Berlusconi will attend...Tuesday. The trial, in which the Prime Minister is accused of tax fraud...of this decade, Mediaset, with the Prime Minister's help, pretended to have paid...

Pelosi Remarks Before Meeting With Prime Minister Manmohan Singh of the Republic of India
6 hours 46 minutes ago
...Meeting With Prime Minister Manmohan Singh of the Republic of India WASHINGTON...to welcome the Prime Minister of the Republic of India to the United...conversation with the Prime Minister about how the U.S./India relationship...

Public sector pay packets could be capped below prime minister’s salary
Nov 16, 2009
...sector pay packets could be capped below prime minister’s salary 16 November 2009 09...sector bosses could be capped below the prime minister's earnings – currently £197,689...salaries below the £197,689 of the prime minister. The BBC revealed last week about...