Rediff Logo
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Women
Partner Channels: Auctions | Bill Pay | Health | Home & Decor | IT Education | Jobs | Travel
Home > Money > Reuters > Report
October 15, 2001
  Money Matters

 -  'Investment
 -  Business Headlines
 -  Corporate Headlines
 -  Business Special
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff


 Deals for NRIs

 Direct Service :
 Pre-paid Cards :

 Search the Internet
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page Best Printed on  HP Laserjets

Rate cut not only way to boost economy: Sinha

Finance Minister Yashwant Sinha said on Monday that reducing interest rates was not the only way to stimulate demand in a sagging economy.

"The rate cut is one factor amongst many factors that drives the economy. The interest rate has become the flavour of this week," Sinha told an insurance seminar.

"Therefore we put our touching faith in that (cutting rates) creating the magic. It has not created magic elsewhere. It may not create magic here also," he said.

"Interest rates in India are perhaps the lowest ever in a decade," he added.

The finance minister also did not see pressure on prices in the months ahead.

"I don't expect any inflationary pressure in the months to come. This is one area where we can take credit from the fact that inflation has been very low."

Back to top
(c) Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Tell us what you think of this report