Tuesday, December 30, 2008

Second stimulus package in the next few days: Montek

The government is likely to come out with a second stimulus package for this fiscal in the next few days to spur economic growth, said planning commission deputy chairman Montek Singh Ahluwalia.

Noting that the world economy was going to be worse next year, Ahluwalia said, the task is to prepare a suitable fiscal strategy both for this year and the next year. He said the main thing is to make sure that expenditure that has already been provided, and the new expenditure, gets done.

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