Finance Minister Pranab Mukherjee to announce measures to boost economy before signing off
― It is UPA Presidential nominee Pranab Mukherjee's last day in office as Finance Minister on Monday and he is expected to announce measures to boost the economy and shore up the falling rupee. Sources said that there could be a rise in the interest rates for NRI deposits and efforts will be made to cut down wasteful expenditure. ∙ Also, short term bonds may be issued to NRIs for increase in capital inflows. Sources say there may also be further relaxation in external commercial borrowings. [...].
