March 04, 2015, 07:13:41 PM

Author Topic: Tight Monetary Policy Impacting Growth: Pranab  (Read 136 times)

Offline moneysingh

  • Local Moderator
  • Jimidar/Jimidarni
  • *
  • Like
  • -Given: 12
  • -Receive: 111
  • Posts: 1887
  • Tohar: 74
  • Gender: Male
  • ੴ Lion Style Ent ੴ
    • 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
1826 Views
Last post August 28, 2008, 02:37:35 PM
by ~PunjabiKudi~
3 Replies
448 Views
Last post May 25, 2010, 12:49:27 PM
by Insane
8 Replies
360 Views
Last post September 27, 2010, 12:55:58 PM
by Nek Singh
0 Replies
171 Views
Last post November 19, 2011, 10:39:36 AM
by moneysingh
0 Replies
150 Views
Last post November 19, 2011, 10:46:53 AM
by moneysingh
0 Replies
136 Views
Last post November 30, 2011, 04:57:17 PM
by moneysingh
2 Replies
250 Views
Last post December 27, 2011, 01:05:41 AM
by Jattnetics
38 Replies
4232 Views
Last post November 20, 2012, 05:48:12 AM
by zeher di puri
1 Replies
682 Views
Last post August 28, 2012, 05:37:32 AM
by ҂ ȿḉặᵰɗἷἧäѷїѧҋ↔ᶀɍǐȶĩṧӊ ₰

* Who's Online

  • Dot Guests: 66
  • Dot Hidden: 0
  • Dot Users: 2
  • Dot Users Online:

* Recent Posts

What Is the Best Compliment You've Ever Received? by Taur~Kaur
[Today at 06:36:53 PM]


Pj te Sab toh zaara funny kon aa member? by ѕαиια
[Today at 05:13:39 PM]


shoukeen punjbi suit di :P by cαℓι5αвαη
[Today at 04:42:26 PM]


Gulab... by cαℓι5αвαη
[Today at 04:31:25 PM]


dosti te pyaar ch ki difference aa........... by cαℓι5αвαη
[Today at 04:24:21 PM]


about girls respect by elegantjatt
[Today at 03:27:21 PM]


Happy Birthday Doabe wala Jatt by Doabe wala Jatt
[Today at 02:21:05 PM]


Part #2 Song you are listening to? by An✿✿P
[Today at 02:05:08 PM]


PJ Best Love Letter Writer Competition 2015(Entries) by G@RRy S@ndhu
[Today at 12:10:18 PM]


Akhiyan de Akhiyan de Rubaru <3 by cαℓι5αвαη
[Today at 11:32:02 AM]


hola mohalla di lakh lakh vadhai by ਗੁਰੀOਸ੍M
[Today at 09:51:26 AM]


pj users de kamm ehte daso kaun ki karda ehte jada new game by ਗੁਰੀOਸ੍M
[Today at 09:47:43 AM]


Difference of punjabi lauguages (Majha, Malwa, Doaba) by V S Maan
[Today at 08:43:15 AM]


what to do if u want to forget your past? by Taur~Kaur
[Today at 03:44:30 AM]


Pj da ghaint gabru kaun ? te kyn ? karan v daso ? by Taur~Kaur
[Today at 03:41:18 AM]


Kaise nu pyar karna galat kam? by ਕਰਮਵੀਰ ਸਿੰਘ
[March 03, 2015, 11:27:16 PM]


Daily Hukamnama from Golden Temple Amritsar by ~Princess~
[March 03, 2015, 11:17:55 PM]


Happy Birthday CaNaDiaN_KamLi by cαℓι5αвαη
[March 03, 2015, 06:02:31 PM]


~*What Will U Do If The Above Person Knock At Your Door*~ by MyѕeȽғ Gнaιn₮
[March 03, 2015, 02:56:48 PM]


Request Video Of The Day by ✬cαrεlεss jαττι✬
[March 03, 2015, 10:56:38 AM]


<*>Tappeyaan Di Lea Vaaari<*> by Ⓐⓜⓘⓣⓞⓩ
[March 03, 2015, 09:58:51 AM]


challa di marriage diya pics :p by ਗੁਰੀOਸ੍M
[March 03, 2015, 09:48:08 AM]


***Santra Kha Ke*** by ਗੁਰੀOਸ੍M
[March 03, 2015, 09:30:44 AM]


your MOOD now by Stylish_Kaur
[March 03, 2015, 09:24:18 AM]


Hello by ♥ҡąṃąl♥
[March 03, 2015, 02:41:19 AM]