Journalism of Courage
Premium
This is an archive article published on February 20, 2009
India needs more monetary steps: Montek
Ahluwalia said RBI could cut CRR and interest rates to add liquidity and help revive growth.
Written by Reuters
New Delhi | February 20, 2009 10:28 AM IST
1 min read
1 min read
India needs to take more fiscal and monetary steps to stimulate demand and credit flows in a slowing economy,the deputy chairman of the planning commission said on Friday.
Montek Singh Ahluwalia said the country was witnessing a decline in exports and investment demand.
Separately,Ahluwalia told a television channel that the RBI could cut the cash reserve requirement (CRR) and interest rates to add liquidity and help revive growth.
“That is certainly an instrument they can use,both CRR and interest rates,” he said in the interview,a transcript of which was published in the Indian Express on Friday.
Advertisement
Live Blog
PHOTOS
Top Stories
Advertisement
Must Read
Advertisement
Buzzing Now
TrendingAmul celebrates Tom Cruise’s first-ever Oscar in 40-year career; netizens say ‘it looks more like…’
TrendingRedditor quits job just 3 hours after joining; asked to work 9-hour shifts for Rs 12,000: ‘Toxic workplace never ends in India’
TrendingBengaluru techie shocked after landlord demands Rs 1 lakh rent for 3BHK: ‘Have people lost their minds?'
- 01
- 02
- 03
- 04
- 05
Advertisement