Amid fears of a second dip recession, Finance Minister Pranab Mukherjee has said that “concrete steps” will have to be taken to deal with the situation as there is no ready made formula to address the problems.
“We are in a situation when international economic situation is very difficult. There is a lurking doubt whether a second dip recession is going to take place and what role international financial institutions and all the organisations (will play) to overcome the crisis,” Mr. Mukherjee said in an interaction with Indian journalists in Washington on Friday.
From: http://ping.fm/8l83p
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