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MEDC organised the Discussion
meeting on ‘Impact of Inflation
& Exchange Rate Trends on
Business &
Industry’, on 11th June 2008, at
Indian Merchants’ Chamber. Mr.
M.N. Chaini, President, IMC, Dr.
Siddharth Roy, Economic Advisor,
Tata Group, Dr. Ajit Ranade,
Chief Economist, Aditya Birla
Group and Mr. P.K. Pain, CEO,
FEDAI were the speakers of this
meeting. The following points
were discussed :
•
The impact of the Government
asking the Steel & Cement firms
to reduce prices.
• The number of items in the WPI
basket to be increased from 432
to 1200
• Chances of Inflation reducing
in the near future & the impact
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Mr. M.N. Chaini,
President, IMC
delivering the
introductory remarks
others from R to L :
Dr. Ajit Ranade, Dr.
Siddharth Roy, Mr.
P.K. Pain and Dr.
C.S. Deshpande. |
of
Index revision on Inflation Rate
• Emulating the Brazil story in
India
• Left Parties blaming
speculation as a cause of
Inflation
• Fiscal Deficit situation in
2008-09
• War Against Inflation –
Administrative measures required
in short term and long term.
• Impact of wages on inflation.
The discussion ended on an
optimistic note of agreement &
Dr. Chandrahas Deshpande,
concluded the discussion by
stating that it is very easy to
play a blame game, but the fact
of matter is that the Economic
Policy making is getting complex
& as citizens we have to factor
this in. Representatives from
Business and Industry were
attended this meeting.
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