No proposal to withdraw booster: Govt

No proposal to withdraw booster: Govt
The Times of India, December 02, 2009, Page 24

New Delhi: The government on Tuesday said there is no proposal to withdraw in this financial year the fiscal stimulus packages.

“It has been indicated that at present there is no proposal for withdrawal of stimulus measures in 2009-10,” minister of state for finance Namo Narain Meena told the Rajya Sabha in a written reply. The fiscal measures announced by the government and the monetary measures by the RBI were aimed at mitigating the adverse impact of the global economic downturn. The GDP decelerated to 5.8% in the third quarter of 2008-09 and recovered to 6.1% in the first quarter of this fiscal. PTI