August 22, 2017, 06:37:16 AM
collapse

Author Topic: Tight Monetary Policy Impacting Growth: Pranab  (Read 401 times)

Offline LIVE Gurmat Parchar Sewa Mission

  • Local Moderator
  • Jimidar/Jimidarni
  • *
  • Like
  • -Given: 12
  • -Receive: 131
  • Posts: 1984
  • Tohar: 94
  • Gender: Male
  • Manpreet Singh Khalsa
    • 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
2373 Views
Last post August 28, 2008, 02:37:35 PM
by ~PunjabiKudi~
3 Replies
650 Views
Last post May 25, 2010, 12:49:27 PM
by Janglee Janwar
8 Replies
504 Views
Last post September 27, 2010, 12:55:58 PM
by Nek Singh
0 Replies
359 Views
Last post November 19, 2011, 10:39:36 AM
by LIVE Gurmat Parchar Sewa Mission
0 Replies
247 Views
Last post November 19, 2011, 10:46:53 AM
by LIVE Gurmat Parchar Sewa Mission
0 Replies
318 Views
Last post November 30, 2011, 04:57:17 PM
by LIVE Gurmat Parchar Sewa Mission
2 Replies
477 Views
Last post December 27, 2011, 01:05:41 AM
by Jatt Mullanpuria
38 Replies
6825 Views
Last post November 20, 2012, 05:48:12 AM
by Maa Di Lado
1 Replies
1573 Views
Last post August 28, 2012, 05:37:32 AM
by ҂ ȿḉặᵰɗἷἧäѷїѧҋ↔ᶀɍǐȶĩṧӊ ₰

* Who's Online

  • Dot Guests: 117
  • Dot Hidden: 0
  • Dot Users: 0

There aren't any users online.

* Recent Posts

Yes/No Game by MyselF GhainT
[August 20, 2017, 10:00:24 PM]


Amli te Mahabharat by Janglee Janwar
[August 18, 2017, 09:50:35 PM]


Request Video Of The Day by Janglee Janwar
[August 18, 2017, 09:19:40 PM]


your MOOD now by Gujjar no1
[August 17, 2017, 02:42:18 PM]


Just two line shayari ... by Janglee Janwar
[August 17, 2017, 01:31:02 AM]


ABC game part -2 by Š¶Ã®Kž
[August 16, 2017, 09:44:29 PM]


IF YOUR BATTERY PERCENTAGE WAS YOUR AGE by Š¶Ã®Kž
[August 16, 2017, 09:41:58 PM]


tusi kis nu like karde aa pj te? by Š¶Ã®Kž
[August 16, 2017, 09:40:40 PM]


What's your latest purchases? by Š¶Ã®Kž
[August 16, 2017, 09:39:24 PM]


What is the first thing you do, when you wake up in the morning? by Š¶Ã®Kž
[August 16, 2017, 09:38:33 PM]


name one thing you can't live without ? by Š¶Ã®Kž
[August 16, 2017, 09:37:34 PM]


A-B-C- movie Game. by Š¶Ã®Kž
[August 16, 2017, 09:34:23 PM]


What color are you wearing today... ???? by Š¶Ã®Kž
[August 16, 2017, 09:32:44 PM]


Last textmessage that u received by Š¶Ã®Kž
[August 16, 2017, 09:31:57 PM]


Weather Report for ur city ? by Š¶Ã®Kž
[August 16, 2017, 09:29:10 PM]


tere naam by Gujjar no1
[August 16, 2017, 12:26:55 AM]


ਰਾਜ ਔਲਖ by ਰਾਜ ਔਲਖ
[August 15, 2017, 01:06:43 AM]


Classic Moments on PJ :D by garaarι ѕιngн
[August 14, 2017, 11:22:51 AM]


Post your Baby pic by Janglee Janwar
[August 14, 2017, 01:50:38 AM]


comment on above person's DP by garaarι ѕιngн
[August 14, 2017, 12:02:29 AM]


Thr€€ -- M€gic -- Words ..... ??? by garaarι ѕιngн
[August 09, 2017, 11:07:13 AM]


This or That by garaarι ѕιngн
[August 09, 2017, 11:05:02 AM]


ਛੜੇ by █ ▌ﻝαᔕ ▌█
[August 07, 2017, 11:52:58 AM]


ਕੰਡਿਆਂ ਚੋ ਖੁਸ਼ਬੂ ਦਾ ਖਿਆਲ ਬੜਾ ਔਖਾ ਏ| by █ ▌ﻝαᔕ ▌█
[August 07, 2017, 11:50:19 AM]


Good morning (first word ki keha) by ❀♥ Mαηi Kαʋr ♥❀
[August 04, 2017, 01:10:28 PM]