Finance Minister P Chidambaram asks auto companies, realty firms, airlines to cut prices. He say''s "airlines must cut prices; real estate must cut rates of apartments and homes they sell; car makers and two-wheeler makers must cut prices. In the recent G-20 meet, Chidambaram told the United States to put their economy in order for sure, but warned India Inc that they are not doing their bit to keep India''s growth on track, in these tough times.
FM said that, what needs to be done is that Corporate India should cut prices. Instead, they are cutting production and that''s wrong. It''s evident that the Finance Minister knows that times are tough and so all that''s needed beyond global action is local stimulus and a consensus to keep the growth going at any cost.
FM said that, what needs to be done is that Corporate India should cut prices. Instead, they are cutting production and that''s wrong. It''s evident that the Finance Minister knows that times are tough and so all that''s needed beyond global action is local stimulus and a consensus to keep the growth going at any cost.
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