Prime Minister Manmohan Singh on Monday appealed to top Indian industrialists to not to go for large scale lay-offs which may have negative impact. Due to the current market condition and the impact of the liquidity crunch on Indian industry, the prime minister has set up a special cell to deal with the industry''s grievances, take their suggestions and implement them. The panel will have the finance minister, commerce minister and Planning Commission Deputy Chairman Montek Singh Ahluwalia.
He met Mukesh Ambani, Anand Mahindra, K V Kamath, Sunil Bharti Mittal, Deepak Parikh, Shashi Ruia, K P Singh and Rajkumar Dhoot to discuss the state of economy. The prime minister asked business leaders to remain confident and keep its social obligations in mind and assured them the government will do all it can to protect the growth rate and said top priority currently for his government is to safeguard the Indian financial system.
He met Mukesh Ambani, Anand Mahindra, K V Kamath, Sunil Bharti Mittal, Deepak Parikh, Shashi Ruia, K P Singh and Rajkumar Dhoot to discuss the state of economy. The prime minister asked business leaders to remain confident and keep its social obligations in mind and assured them the government will do all it can to protect the growth rate and said top priority currently for his government is to safeguard the Indian financial system.
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