Sunday, September 21, 2008

INDIA INSULATED FROM GLOBAL TURMOIL

SOURCE: ECONOMIC TIMES
CENTRAL government will infuse adequate liquidity in the system to tackle the tightening credit supply problem due to recent financial turmoil in US, finance minister P Chidambaram said. Speaking to reporters after the CCEA meeting, he added that there was no reason to worry and the country’s banks and financial institutions were properly insulated from the present crisis.

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