Govt can attempt stimulus exit in Budget: Rangarajan
Published on Wed, Feb 10, 2010 at 13:32 | Source : Reuters
Updated at Wed, Feb 10, 2010 at 14:08
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Govt can attempt stimulus exit in Budget: Rangarajan
The government could provide a roadmap for exiting from the fiscal stimulus when it presents its budget on February 26, Chairman of the Prime Minister's Economic Advisory Council, C. Rangarajan, said on Wednesday.
The government could provide a roadmap for exiting from the fiscal stimulus when it presents its budget on February 26, Chairman of the Prime Minister's Economic Advisory Council, C Rangarajan, said on Wednesday.
"What I am saying is the Budget can attempt a roadmap for exit," Rangarajan told reporters. The stimulus exit should be a gradual transition, he added.
Further, he said that the Reserve Bank of India (RBI) will watch the price situation before taking any action on the monetary front, a top government adviser said on Wednesday.
"They will watch the behaviour of prices before they take a decision," said C. Rangarajan, chairman of Prime Minister Manmohan Singh's Economic Advisory Council, when asked if he expected any monetary measures ahead of the April policy review.
