Palah Biswas On Unique Identity No1.mpg

Unique Identity No2

Please send the LINK to your Addresslist and send me every update, event, development,documents and FEEDBACK . just mail to palashbiswaskl@gmail.com

Website templates

Zia clarifies his timing of declaration of independence

what mujib said

Jyothi Basu Is Dead

Unflinching Left firm on nuke deal

Jyoti Basu's Address on the Lok Sabha Elections 2009

Basu expresses shock over poll debacle

Jyoti Basu: The Pragmatist

Dr.BR Ambedkar

Memories of Another day

Memories of Another day
While my Parents Pulin Babu and basanti Devi were living

"The Day India Burned"--A Documentary On Partition Part-1/9

Partition

Partition of India - refugees displaced by the partition

Saturday, March 24, 2012

Govt to take some difficult decisions in coming months: Pranab

Govt to take some difficult decisions in coming months: Pranab

New Delhi, Mar 24 (PTI): Amid concerns over rising crude oil prices, finance minister Pranab Mukherjee on Saturday said that the government would take and implement "some difficult decisions" in the coming months.

"In meeting the targets under the (expenditure) roadmap, I am conscious of the fact that the government would need to take and implement some difficult decisions in the coming months," Mukherjee said at an event organised by Federation of Indian Chambers of Commerce and Industry (Ficci) in New Delhi.

"We cannot go on with the approach that is divorced from the reality. But I believe that budget is not the only exercise through which all the work is to be done because I cannot ignore the ground reality that mere announcement of decisions if it cannot be pursued is serving no purpose as it happened in the past," he said.

Drawing confidence from the easing of inflation, Mukherjee said that the government expects interest rates to come down in days to come. It will thus help in boosting investment confidence.

"Core inflation has moderated in the past three months and in the coming months we are looking at reversal of the policy rate, which should help in improving business sentiments," he said.

However, lurking fear of further spike in crude oil price could mute the quantum of rate cut by the Reserve Bank of India in the coming months.

Crude oil prices have been hovering around USD 125 per barrel.

Highlighting the importance of the fiscal consolidation, the finance minister said "expenditure monitoring and better expenditure planning through the amended provisions in the Fiscal Responsibility and Budget Management (FRBM) Act wherein three years rolling targets of expenditure indicators have been prescribed.

No comments:

Post a Comment