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PM's task force to meet to take stock of economic slowdown
Sanjay Thapa
New Delhi, Nov 12: In an urgent damage control excercise to contain the economic slowdown, the Prime Minister's strategy management group (SMG) led by the secretary to the Prime Minister's Office (PMO) NK Singh will be meeting on Wednesday to chalk out an immediate action plan.The meeting assumes a critical significance in the wake of the downturn in the economy as revealed by the official first quarter figures for gross domestic product (GDP) growth which showed a slippage by one percentage point. The gross domestic product growth stands at 5.8 per cent for the first quarter as compared to the corresponding period in the previous year which was 6.9 per cent, as per CSO. The crucial meeting is to be attended by the finance secretary Ajit Kumar, revenue secretary S Nayarayan as well as the expenditure secretary CM Vasudev, highly placed sources in thePrime Minister's Office told The Financial Express on Saturday. The meet of thePM's strategy management group is also expected to rope in the industry secretaryPG Mankad particularly as the industrial sector has been one of the important areas which has affected the slowdown.Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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