The Economic Survey for 2008-09 was presented by Finance Minister Pranab Mukherjee in Parliament today, 2 July 2009. The FM in his annual economic survey said that inflation was no longer a concern. Real interest rates remain high despite easing of monetary policy and high bank deposit rates are proving an obstacle for lowering lending rates, the Survey indicated.
Wholesale prices fell 1.3% in the week to 20 June 2009 from a year earlier after sliding 1.14% in the previous week, data released by government said today.
The central bank Governor Duvvuri Subbarao on 20 June 2009 had clarified that falling wholesale prices were only a statistical feature and did not mean India is suffering from deflation.
The Economic Survey, which is tabled by the Finance Minister before the presentation of the Budget, provides the government's assessment of the economy, outlines the problems facing the country and suggests measures for dealing with them.
The Union Budget for 2009-10 will be presented by the Finance Minister Pranab Mukherjee in the Parliament on Monday, 6 July 2009.
Wholesale prices fell 1.3% in the week to 20 June 2009 from a year earlier after sliding 1.14% in the previous week, data released by government said today.
The central bank Governor Duvvuri Subbarao on 20 June 2009 had clarified that falling wholesale prices were only a statistical feature and did not mean India is suffering from deflation.
The Economic Survey, which is tabled by the Finance Minister before the presentation of the Budget, provides the government's assessment of the economy, outlines the problems facing the country and suggests measures for dealing with them.
The Union Budget for 2009-10 will be presented by the Finance Minister Pranab Mukherjee in the Parliament on Monday, 6 July 2009.
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