A new research has shed light on how brain can differentiate between the errors of different magnitudes, like while, fine-tuning a tennis serve; the brain has to distinguish whether it needs to make a slight rectification if the ball barely misses the target or a much bigger correction if it is way off.
Adi Godrej, chairman Godrej Group, in an interview said that he didn’t want the Indian government to withdraw stimulus announced in view of the last year’s global recession till a global recovery was clearly in sight.
Economists Friday asked Finance Minister Pranab Mukherjee to continue with the fiscal stimulus until firm economic recovery amid intense speculations about a possible withdrawal of measures taken to spur the economy.
The Centre will be cautious in withdrawing the fiscal stimulus packages given to key-sectors and will do so only after ensuring growth is sustainable in the economy, Union Minister for Commerce and Industry Anand Sharma said.
Senior U.S. Federal Reserve officials placed different emphasis on inflation risks on Thursday, with one warning failure to withdraw support policies soon enough could could trigger inflation while another played down such risks.
The government is unlikely to offer more stimulus to the textile sector as data points to a pick-up in exports, mainly to developed countries coming out of an economic slump, the Finance Secretary said on Wednesday.
: The Chinese government will deliver on its commitment to spend 1.18 trillion yuan (USD 173 billion) before the end of 2010, the core of the country`s stimulus package, vice finance minister Zhang Shaochun said on Thursday.
With turnaround in exports, the Finance Ministry is likely to withdraw a string of fiscal stimulus given to exporters to fill in the "budgetary hole", Commerce Secretary Rahul Khullar said on Wednesday.