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Wednesday, December 24, 2008

Commerce minister says govt considering another stimulus package


To stimulate demand in the economy

Commerce Minister Kamal Nath today said the government is considering another stimulus package to lift slowing growth. The new stimulus package may include steps to ease liquidity and relief measures for export and housing sectors, the trade minister said on Wednesday.

He also said the government is looking at possible duty cuts for more goods to stimulate demand in the economy. The Indian economy has slowed down after a strong growth in the past three years

The first stimulus package announced early this month mainly involved additional government spending and an across-the-board cut in excise duties.

source: capital mkt

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