With an expected rise in the lending rates, the Government should continue with stimulus
measures to support exporters, an industry body said today.
India won’t withdraw in haste its fiscal stimulus packages, announced in three tranches since last December, in line with the decision taken by G20 leaders.Dec 24, 2009, 19:57 PM IST
India Inc cautiously
welcomed the RBI`s move to modify the ECB guidelines and said
this also indicates a gradual withdrawal of stimulus measures
announced to help the industry tide over the global credit
crunch last year.
The Planning Commission has said
the right time to withdraw stimulus packages given to the
industry to combat the impact of global slowdown will be
during the next financial year.