Tuesday, April 8, 2008

With little more patience, essential commodities prices would fall: ASSOCHAM

by Jo Black

Reacting on 7 per cent inflation, the Associated Chambers of Commerce & Industry of India (ASSOCHAM) President Mr. Venugopal N. Dhoot said that Government has taken sufficient corrective measures to contain inflation and hoped that the measures would yield results and bring down prices of essential commodities to manageable limits in next few days.

Mr. Dhoot said that a few more steps should also be taken by Reserve Bank of India (RBI) for curtailment of interest rates as also ensure sufficient liquidity to Indian Inc. With these steps the monetary market would relax and offer relief.

The prices of edible oils have started falling and future trends will be favaourable for common man as prices of essential commodities would become cheaper said Mr. Dhoot adding that the GDP growth for the current fiscal would exceed 8.5 per cent.

 

 

Add to Bookmarks:

  • ADD TO NETSCAPE
    •    
  • ADD TO DEL.ICIO.US
    •    
  • ADD TO DIGG
    •    
  • ADD TO FURL
  • ADD TO STUMBLEUPON
    •    
  • ADD TO YAHOO MYWEB
    •    
  • ADD TO GOOGLE
    •    
  • ADD TO SPURL

 

Stories related to: With little more patience, essential commodities prices would fall: ASSOCHAM

 

 

Visited 447 times, 1 so far today