No premature withdrawal of stimulus, says PM
The Hindu Business Line, October 26, 2009, Page 1
Prakash Chawla
Cha-Am-Hua Hin (Thailand), Oct 25 (PTI)
Prime Minister Manmohan Singh today said the global economy was not fully out of trouble and ruled out any premature withdrawal of stimulus packages announced by the government to boost the industry.
"It is too early to say whether we are completely out of trouble", Singh said, adding, "...stimulus packages should not be withdrawn or phased out prematurely."
Prime Minister was in the Thai resort to participate in the twin summits of the Association of Southeast Asian Nations (ASEAN) and East Asian leaders.
"There is a fair amount of agreement that probably the time is not right to withdraw the stimulus," he told reporters here referring to his discussions with the leaders of 16 Asia Pacific nations.
The Hindu Business Line, October 26, 2009, Page 1
Prakash Chawla
Cha-Am-Hua Hin (Thailand), Oct 25 (PTI)
Prime Minister Manmohan Singh today said the global economy was not fully out of trouble and ruled out any premature withdrawal of stimulus packages announced by the government to boost the industry.
"It is too early to say whether we are completely out of trouble", Singh said, adding, "...stimulus packages should not be withdrawn or phased out prematurely."
Prime Minister was in the Thai resort to participate in the twin summits of the Association of Southeast Asian Nations (ASEAN) and East Asian leaders.
"There is a fair amount of agreement that probably the time is not right to withdraw the stimulus," he told reporters here referring to his discussions with the leaders of 16 Asia Pacific nations.
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