|
Related Stories »
Latest Forex TV Video »
No Withdrawal Of Stimulus Now: India's Finance Minister (RTTNews) - India's Finance Minister Pranab Mukherjee, while addressing Economic Editors' Conference on Tuesday at New Delhi, said the stimulus measures would not be withdrawn until the government is convinced that the economy has recovered from the slowdown, reported the media. The Minister said that though the government could raise additional resources through disinvestment to consolidate finances, the major concern was the increasing fiscal deficit. The fiscal deficit shot up to 6.8% of the GDP due to stimulus measures. He added that liquidity is adequate and inflation has not yet become an area of concern. Mukherjee said that challenge that the government was facing previously was to put the economy back to high GDP growth and even beyond as soon as possible. This would ensure sustained growth in the next few decades. He said that the other challenges of the government were to improve governance and deepen inclusive growth and development. The Minister admitted that the abnormal monsoon could impact the GDP growth rate but added that the country could fare better than the initial estimates. He expressed concern on the low off-take of credit and added that banks have been asked to take advantage of the upcoming busy season and enhance credit flow to needy sectors. He added that all efforts have been taken to ensure the credit off-take to employment generating sectors like agriculture and micro and small enterprises. |
Top Content » |
Contributor Login | Free e-mail Alerts | About Us | Contact | Advertise With Us |
| Rates | News | Video | Currency Focus | Resources |
| Forex Spot Rates | Top Forex TV Economic News | Most Recent ForexTV Video | Euro (EUR) | Global Economic Calendar |
| Cross Rates | Commodity News | Forex News | Japanese Yen (JPY) | Currency Converter |
| Equity Market News | Stocks & Bonds | Sterling (GBP) | Glossary | |
| Charts | World Market Previews | Education Video Series | Swiss Franc (CHF) | Currency Codes |
| Forex Charts | Forex Market Commentary | ProSticks Analysis | Canadian Dollar (CAD) | Global Statistic Resources |
| ProStick Charts | Technical Analysis | Australian Dollar (AUD) | CPI Avg. Price Calculator | |
| New Zealand Dollar (NZD) | CPI Inflation Calculator | |||
| Nordic (NOK) | CIA World Factbook | |||
| EMEA | Pivot Point Calculator | |||
| Content Sharing | ||||
| RISK DISCLAIMER: By using this web site you agree to its terms and conditions. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Forex (or FX or off-exchange foreign currency futures and options) trading involves substantial risk of loss and is not suitable for every investor. The value of currencies may fluctuate and investors may lose all or more than their original investments. Risks also include, but are not limited to, the potential for changing political and/or economic conditions that may substantially affect the price and/or liquidity of a currency. The impact of seasonal and geopolitical events is already factored into market prices. The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds and such may work against you as well as for you. Past results are no indication of future performance. Information contained this web site is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. | ||||
| Privacy Policy | Terms and Conditions | ||||