New Delhi, June 26 : The Cabinet Committee on Economic Affairs today gave its approval for extending grants-in-aid to Indian Pharmaceutical Industry for R and D projects.
Planning Commission deputy chairman Montek Singh Ahluwalia said that despite the soaring oil prices, a growth rate of 9% can be maintained. He added that the task becomes more difficult because th
New Delhi, June 25: The Finance Ministry today expressed hope that the Reserve Bank of India’s decision of increasing the repo rate by 50 basis points and the CRR by 50 basis points in two stages without compromising economic growth, would help to rein in the surging inflation.
It said in a statement that the steps are expected to regulate demands and are necessary in the face of rising inflation due to relentless increase in crude oil prices.