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The way is tougher ahead-PM

Anurag Bhullar


One day after the declaring of yet another stimulus package, Prime Minister Man Mohan Singh said that the coming fiscal can be even tougher. He said that the national financial structure will take some time before getting ‘re-tooled’ accurately.


However, the silver lining of the grey cloud is the belief that that the country will be able to register a growth rate of 7%. Singh was present in Shillong to mark the inauguration of 96th Indian Congress. He also said that to help companies overcome the blow of financial instability, the Government will be announcing packages to offer the ‘much-needed’ relief. He informed that there existed a need to invest more in R&D activities and increase demand for science graduates and researchers.


In addition to this, he also informed that the amount of investment in science will be doubled, from the present statistic of 1% of national income to 2%.

 
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