FM
Stimulus likely to stay for now: FM
The finance minister Pranab Mukherjee today said that the government is unlikely to exit the stimulus packages currently. Mukherjee said, “Exiting from the stimulus packages now may not be the correct approach because if the world economy collapses, the depression would be deeper. I am not hinting at anything,”. Moreover, regarding the interactions with the [...]
Need to balance growth, fiscal deficit: FM
On Wednesday, Finance Minister Pranab Mukherjee said that it is required for India to make a balance between economic growth and cutting fiscal deficit. India”s fiscal deficit is expected at 6.8 per cent of gross domestic product for 2009/10 (April-March), which is higher than 6.2 per cent of the previous year as the government slashed [...]