Next stimulus package to revive the economy after elections

March 28th, 2009 - 7:34 pm ICT by ANI  

New Delhi, Mar 28 (ANI): Deputy Chairman of Planning Commission Montek Singh Ahluwalia has acknowledged the need for another stimulus package for reviving the economy in next fiscal.

Talking to the reporters on the sidelines of a function in New Delhi today to mark the release of a report on Competition and Regulation in India, Ahluwalia revealed that this could be considered in the budget after the General Elections.

He further informed that the Planning Commission is conducting an exercise to measure the impact of the stimulus packages announced in the former years.

The report released on the occasion dealt with the various regulative ways to leverage economic growth. The report has emphasised the need of a regulatory system in various sectors including higher education, agriculture and railways.

The report has also brought to notice the super cession of regulators by the government in the power sector as well as dishonest practices of excessive subsidy and provision of employment, which has led to deprivation of electricity boards.

It has called for finer corporate governance in the sector. (ANI)

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