Sunday, November 4, 2012
05/11/2012 STOCKS NEWS
VPS
VIKASSAMWATSARE@yahoo.com,
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WE READY FOR WALK ALONE
Clearly disappointed at the Reserve Bank of India’s not cutting lending
rates, two key aides of Prime Minister Manmohan Singh said the
Government intends to face the challenge of reviving growth on its own,
without the assistance of the monetary policy regulator.
Finance Minister P. Chidambaram said: “Growth is as much a challenge as
inflation. If the Government has to walk alone to face the challenge of
growth then we will walk alone.” Echoing the sentiment, Deputy Chairman
of Planning Commission Montek Singh Ahluwalia remarked: “Monetary policy
is a very important aspect of the growth push but most of what needs to
be done for growth has to be done by the government, and we will do it.
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VPS
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