December 10, 2016, 09:25:56 AM
collapse

Author Topic: Tight Monetary Policy Impacting Growth: Pranab  (Read 303 times)

Offline LIVE Gurmat Parchar Sewa Mission

  • Local Moderator
  • Jimidar/Jimidarni
  • *
  • Like
  • -Given: 12
  • -Receive: 129
  • Posts: 1983
  • Tohar: 92
  • Gender: Male
  • LIVE Gurmat Parchar Sewa Mission
    • View Profile
Tight Monetary Policy Impacting Growth: Pranab
« on: November 25, 2011, 11:53:18 AM »
Finance Minister Pranab Mukherjee today said the tight monetary policy of the Reserve Bank which has helped in curbing inflation has also impacted growth.
 "While the increase in repo rate along with other monetary measures has impacted the inflationary pressures favourably, there are visible sign of moderation in the growth of different sectors of the economy," Mukherjee said in a reply to the Lok Sabha. The Reserve Bank has hiked policy rates 13 times since March, 2010 to contain the near double-digit inflation. Inflation for October stood at 9.73 per cent.
 India's GDP growth rate has been projected at 8.5 per cent in 2010-11, but there are apprehensions that it may slip below 8 per cent due to the global economic turmoil, coupled with high inflation and interest rates in the country. Mukherjee said the impact of such rate hikes is visible on the interest rate sensitive sectors, such as real estate, consumer durables and automobile, where demand is slowing.
 He said the government is monitoring the price situation regularly and is working on ensuring price stability. Food inflation, which account of 15 per cent in the overall inflation, stood at 9.61 per cent for the week ended November 12. He said the government has taken several steps to contain prices of essential commodities by reducing import duty on wheat, onion and pulses to zero. Besides, a ban on the export of edible oil and pulses and futures trading in rice, urad and tur was among the measures taken by the government to moderate essential commodity prices.

Punjabi Janta Forums - Janta Di Pasand

Tight Monetary Policy Impacting Growth: Pranab
« on: November 25, 2011, 11:53:18 AM »

 

Related Topics

  Subject / Started by Replies Last post
9 Replies
2249 Views
Last post August 28, 2008, 02:37:35 PM
by ~PunjabiKudi~
3 Replies
598 Views
Last post May 25, 2010, 12:49:27 PM
by Insane
8 Replies
486 Views
Last post September 27, 2010, 12:55:58 PM
by Nek Singh
0 Replies
317 Views
Last post November 19, 2011, 10:39:36 AM
by LIVE Gurmat Parchar Sewa Mission
0 Replies
226 Views
Last post November 19, 2011, 10:46:53 AM
by LIVE Gurmat Parchar Sewa Mission
0 Replies
256 Views
Last post November 30, 2011, 04:57:17 PM
by LIVE Gurmat Parchar Sewa Mission
2 Replies
421 Views
Last post December 27, 2011, 01:05:41 AM
by Jatt Mullanpuria
38 Replies
5972 Views
Last post November 20, 2012, 05:48:12 AM
by Maa Di Lado
1 Replies
1233 Views
Last post August 28, 2012, 05:37:32 AM
by ҂ ȿḉặᵰɗἷἧäѷїѧҋ↔ᶀɍǐȶĩṧӊ ₰

* Who's Online

  • Dot Guests: 145
  • Dot Hidden: 0
  • Dot Users: 0

There aren't any users online.

* Recent Posts

which pj member do u miss ryt now? by Gujjar no1
[Today at 05:20:25 AM]


tere naam by papu
[Today at 01:26:07 AM]


Guru Manyo Granth Chetna Samagam Yuba City by LIVE Gurmat Parchar Sewa Mission
[December 08, 2016, 10:33:06 PM]


Request Video Of The Day by Gujjar no1
[December 08, 2016, 11:41:24 AM]


Gujjar and Flying gill in Lahore by Gujjar no1
[December 07, 2016, 09:12:28 AM]


[VIDEO] Female dancer got shot in Punjab by αмαи кαυя👑
[December 06, 2016, 04:41:02 PM]


mera zikar by Gujjar no1
[December 06, 2016, 12:46:51 PM]


New Movie Trailers by GuriOSM
[December 06, 2016, 06:58:08 AM]


your MOOD now by Gujjar no1
[December 05, 2016, 01:04:13 PM]


tusi kehrhi cheez dekh k bohut khush hunde o?? by Gujjar no1
[December 05, 2016, 08:26:33 AM]


Welcome to PJ "The Flying Gill" by Gujjar no1
[December 05, 2016, 08:25:20 AM]


Favorite tv shows? by GuriOSM
[December 05, 2016, 07:20:09 AM]


Part #2 Song you are listening to? by garaarι ѕιngн
[December 02, 2016, 11:20:12 PM]


Best DP of the Week by αмαи кαυя👑
[December 01, 2016, 07:48:51 AM]


Manpreet Singh Khalsa and Giani Pinderpal Singh Ji Ludheana Wale by ਦਿਲਰਾਜ -ਕੌਰ
[November 28, 2016, 10:58:26 PM]


what was the last movie you watched ? by Jatt Mullanpuria
[November 28, 2016, 09:26:07 PM]


HURRRRRR RORORORORO............. AGAYA TRIKHAA ....... :P by "AWARA PANCHI"
[November 22, 2016, 08:38:22 AM]


Manpreet Singh Khalsa by LIVE Gurmat Parchar Sewa Mission
[November 21, 2016, 11:43:43 PM]


Big Boss 10 by Jatt Mullanpuria
[November 20, 2016, 08:35:56 PM]


jado tusi apna gussa kadna hove te tusi ki karde ho? by Jatt Mullanpuria
[November 20, 2016, 12:55:33 PM]


शायद कहीं दूर अपने छत पे बैठी… by R@na_chahAl
[November 16, 2016, 08:31:38 AM]


ਸਾਨੂੰ ਰੋਣਾ ਨਹੀ ਸੀ ਆਉਂਦਾ. by R@na_chahAl
[November 16, 2016, 08:27:18 AM]


Weather Report for ur city ? by Gujjar no1
[November 15, 2016, 08:01:08 PM]


So what are you wearing today? by Jeep_
[November 13, 2016, 11:47:26 PM]


Chaar Sahibzaade 2 Rise of Banda Singh Bahadur by 💖Stylo Kaur 💖
[November 13, 2016, 09:44:37 PM]