October 31, 2014, 01:36:48 AM

Author Topic: Tight Monetary Policy Impacting Growth: Pranab  (Read 124 times)

Offline moneysingh

  • Local Moderator
  • Jimidar/Jimidarni
  • *
  • Like
  • -Given: 12
  • -Receive: 96
  • Posts: 1871
  • Tohar: 59
  • Gender: Male
  • ੴ ਮਨੀ 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
1790 Views
Last post August 28, 2008, 02:37:35 PM
by ~PunjabiKudi~
3 Replies
415 Views
Last post May 25, 2010, 12:49:27 PM
by Insane
14 Replies
918 Views
Last post July 13, 2012, 07:57:05 AM
by ҂ ȿḉặᵰɗἷἧäѷїѧҋ↔ᶀɍǐȶĩṧӊ ₰
8 Replies
344 Views
Last post September 27, 2010, 12:55:58 PM
by Nek Singh
0 Replies
143 Views
Last post November 19, 2011, 10:39:36 AM
by moneysingh
0 Replies
136 Views
Last post November 19, 2011, 10:46:53 AM
by moneysingh
0 Replies
124 Views
Last post November 30, 2011, 04:57:17 PM
by moneysingh
2 Replies
237 Views
Last post December 27, 2011, 01:05:41 AM
by Jattnetics
38 Replies
3957 Views
Last post November 20, 2012, 05:48:12 AM
by laraki jatti
1 Replies
567 Views
Last post August 28, 2012, 05:37:32 AM
by ҂ ȿḉặᵰɗἷἧäѷїѧҋ↔ᶀɍǐȶĩṧӊ ₰

* Who's Online

  • Dot Guests: 110
  • Dot Hidden: 0
  • Dot Users: 4
  • Dot Users Online:

* Recent Posts

tere naam by Gujjar no1
[Today at 01:17:34 AM]


Desi Big Boss : Season 8 Gup shup adda by Jattnetics
[Today at 12:48:09 AM]


Dosti by ਕੈਮਸ
[Today at 12:10:12 AM]


Tan hee meray vall oh takda nahi, by ਕੈਮਸ
[Today at 12:02:39 AM]


kujh ke shyar zindagi dia yadaan de naam by ਕੈਮਸ
[October 30, 2014, 11:58:59 PM]


Tere Ishq Ch Channa Kho Gaye… by ਕੈਮਸ
[October 30, 2014, 11:54:44 PM]


Sukshinder Shinda - Gum sum lyrics by ਕੈਮਸ
[October 30, 2014, 11:44:47 PM]


ABC Game by ਕੈਮਸ
[October 30, 2014, 11:40:55 PM]


Dialogues of Hindi Cinema ... by ਕੈਮਸ
[October 30, 2014, 11:39:00 PM]


happy birthday Gurpinder Mand by ਕੈਮਸ
[October 30, 2014, 11:37:16 PM]


Happy Birhday AmRind③r (29) by ਕੈਮਸ
[October 30, 2014, 11:35:51 PM]


***Santra Kha Ke*** by ਕੈਮਸ
[October 30, 2014, 11:34:54 PM]


Tu Ohi Hai Na ___ by ਕੈਮਸ
[October 30, 2014, 11:33:45 PM]


Voting: Mr Punjabi Janta 2014 by Gujjar no1
[October 30, 2014, 10:32:41 PM]


Voting: Miss Punjabi Janta 2014 by Gujjar no1
[October 30, 2014, 10:30:46 PM]


PJ Gabru Promotion MANU MAAN by Apna Punjab
[October 30, 2014, 07:32:43 PM]


your MOOD now by Apna Punjab
[October 30, 2014, 07:27:18 PM]


Post Your Pet Pictures. by ღ נαѕѕу ღ
[October 30, 2014, 06:19:29 PM]


Application to the Headmaster by apurv dukhi by pυɴjαв polιce
[October 30, 2014, 04:51:58 PM]


Classic Moments on PJ :D by Gujjar no1
[October 30, 2014, 12:34:45 PM]


ਤਵੀ ਤੇ ਬੈਠਣ ਵਾਲੀ ਸ਼ਰਾਰਤ ਬਾਰੇ ਇੱਕ ਰਿਪੋਰਟ by ηαωтү мυη∂α
[October 30, 2014, 12:09:33 PM]


Rs.35 Free Recharge for Installing 1 App [Screenshot Added] by shyamsss
[October 30, 2014, 11:31:36 AM]


if u r locked with da person above u......??? by jeet Mr.Lonely
[October 30, 2014, 08:05:17 AM]


3 words Panjabis say by ทααʑ кαυr
[October 30, 2014, 06:15:37 AM]


ਅੱਖਾ by ਕੈਮਸ
[October 30, 2014, 05:17:09 AM]