Letters To The Editor

The Financial Express
Posted: Monday, Nov 09, 2009 at 2219 hrs IST
Updated: Monday, Nov 09, 2009 at 2219 hrs IST

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: Referring to the drop in credit growth, your editorial ‘Lend a hand, now’ (FE, Nov 6) has come at the right time. The finance minister, Pranab Mukherjee, has made it clear that the Centre will continue with fiscal stimulus till the economy stabilises. Indication that RBI is going for a tight monetary policy is one reason for banks to play safe. RBI should not give room for such speculations. It is not yet time for tight monetary policy. Growth of agriculture, industry and the manufacturing sector are crucial to promoting domestic consumption and exports.

—Jacob Sahayam Thiruvananthapuram

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