Search Button
Net Express Sections
The Indian Express

The Financial Express


Latest News

EIW


Market Indicators


Screen

Express Computers

Graffiti

Crossword




Advertisers Forum

Travel & Tourism

Information Technology

Drumbeat: Ad Buzzaar

Astrosurf

Eco-India

Dr Know

Screen: The Business of Entertainment

Career India

Business Forum

Match Maker

Express Properties


Politics

Business

Expressions

General

Sports

Leisure

States

 

Thursday, April 30, 1998

Credit flow will improve: MoF

ENS ECONOMIC BUREAU  
NEW DELHI, April 29: The Union finance ministry views the credit policy ushering an industrial recovery in the current fiscal. Speaking to The Indian Express, Shankar Acharya, chief economic adviser in the Ministry of Finance said credit availability will improve further as a result of the measures announced. Lower interest rates should get industry out of the recessive phase, Acharya added.

Indications of a recovery are already evident as non-food credit by banks and quantum of sanctions and disbursements by financial institutions has witnessed a substantial jump, he added. The ministry supports the RBI's point of view that for a sustained growth of output in the economy, capital expenditure by the government should be increased.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.



LIC

Bank of India

Godrej India

 

Bottom banner spot