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Prime Minister Manmohan Singh, walking the wedge between fiscal discipline and a push for high growth, on Sunday said the government would begin rolling back next year the stimulus measures introduced to counter a downturn, but also promised more... Full Article at Hindustan Times
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This was done in December 2008 and its impact is visible in the current fiscal. The excise-to-sales ratios of most firms in fiscal 2010 would have dropped over the previous year. Full Article at livemint.com
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Prime Minister Manmohan Singh on Sunday said the measures taken by his government helped India brave the financial crisis better than most countries, but it may "wind down" by next year the fiscal stimulus that was launched last December. Full Article at Hindustan Times
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Says fiscal stimulus will be phased out next year NEW DELHI: After a bold tweaking of the Centre’s public sector divestment programme last week to suit the needs of the times, Prime Minister Manmohan Singh on Sunday unveiled the broad contours of... Full Article at The Hindu
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India should begin to wind down the fiscal stimulus that was extended to the industry in the wake of the economic meltdown last year, even though the economy has not reached the high-growth trajectory, top economist Raghuram Rajan said on Sunday. Full Article at Hindustan Times
Related Quotes
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We are also better placed than any time in the recent past to push the reform process forward … We need to ensure that financial system can provide the finance needed for our development, and especially for infrastructure development. This opens up a broad agenda for reforms.
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World demand will pick up only slowly
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The worst is behind us though the path of global recovery will be long and uncertain ... India has been able to face the global economic downturn better than most other countries in the world.
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There are clear signs of an upturn in the economy
