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FINANCIAL MARKET
Market in the morning witnesses heavy selling due to fear of unwinding of fiscal stimulus.. market recovered in the afternoon after Mr. C Ranagarajan , Chief of PM’s Advisory council announced that the Government was in no hurry to call back stimulus. Key bench mark indices rallied in the afternoon taking the graph northwards crossing 16000 marks. Government too forecast economic growth for the ensuing period at 7.2% as against 6.7 achieved last year. Rising prices of essential commodities is a major concern with state and central governments have not got grip of the situation ; attempting to import certain commodities which will surely harmful in the long run. It’s high time that the Governments seriously looked at their policies on farm sector, which is hitherto neglected. Farm production is rather going down. You have money; but buy what?
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