Saturday, March 24, 2012

Some difficult decisions coming in the near future: Pranab

Amid concerns over rising crude oil prices, Finance Minister Pranab Mukherjee on Saturday said the government would take and implement “some difficult decisions” in the coming months.
“In meeting the targets under the (expenditure) roadmap, I am conscious of the fact that the government would need to take and implement some difficult decisions in the coming months,” Mr. Mukherjee said at an event organised by FICCI here.
“We cannot go on with the approach that is divorced from the reality. But I believe that Budget is not the only exercise through which all the work is to be done because I cannot ignore the ground reality that mere announcement of decisions if it cannot be pursued is serving no purpose as it happened in the past,” he said.
Drawing confidence from the easing of inflation, Mr. Mukherjee said that the government expects interest rates to come down in days to come. It will thus help in boosting investment confidence.

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