New Delhi, Nov 3 : Prime Minister Manmohan Singh on Monday asked India Inc to refrain from “knee-jerk” reactions like lay-offs after admitting that India was not untouched by the global financial crises.
Singh asserted that saving investors’ confidence is the first priority of his government. He further tried to dispel fears of investors regarding safety of bank deposits, saying that government stands behind the banks.
New Delhi, Nov 3 : A day after a landmine blasted Steel Minister Ram Vilas Paswan’s security vehicle in the Maoist-infested West Midnapore in West Bengal, Prime Minister Manmohan Singh today assured him of enhanced security.
The Prime Minister had a word with Paswan and told him that he will direct the ministry concerned to enhance his security.
“The Prime Minister has assured me to do the needful to enhance security for me,” Paswan said.
West Bengal Chief Minister Buddhadeb Bhattacharjee also ordered a high-level inquiry into the incident.
New Delhi, Nov 3 : Prime Minister Dr. Manmohan Singh on Monday said the government will take all necessary monetary and fiscal steps to protect the growth rate in the wake of global economic meltdown.
While addressing the captains of Industry in New Delhi, Dr. Singh said, the first priority of the government is to protect the country''s financial system from the possible loss of confidence due to the ongoing global economic crisis.
Dr. Singh also said a constant vigil needs to be maintained on the evolving situation as the crisis has affected the Indian economy as well.
New Delhi - Prime Minister Manmohan Singh met leaders of Indian industry on Monday and assured them that the government would take all measures to protect the economy in view of the global financial crisis which, he said, was now likely to be more severe and prolonged.
He also urged them to play a positive role and avoid "knee-jerk" reactions like large-scale lay-offs, according to a release from the prime minister's office.
New Delhi, Nov 3: Prime Minister Dr. Manmohan Singh is meeting captains of industry and trade in New Delhi on Monday to discuss the impact of global financial crisis and the slow-down in the Indian economy.
Industry leaders Ratan Tata, Anand Mahindra, Mukesh Ambani, Anil Ambani, Sunil Bharti Mittal, Shashi Ruia, K. P. Singh and Naresh Goyal are expected to attend the meeting today.