NEW DELHI: Finance minister P Chidambaram nudging public sector bank chiefs to lower the burden on consumers to prop up demand and investment will goad those who have put on hold their purchases — a diffidence that has affected a hoard of businesses from automobiles to white goods.
Chidambaram said as much after goading the chiefs of banks to fuel demand. He said a higher demand would push up investment in the sector and that, as part of the investment-boosting exercise, he would shortly hold discussions on other issues dogging growth: issues related to supply of coal and gas, environmental clearances and land acquisition to get companies to invest in capacity addition. Read more
Source : timesofindia.indiatimes.com