Finance Minister Yashwant Sinha today assured Parliament that the remedial measures taken by the government to ward off the effects of global slowdown has enhanced the growth prospects for the economy.
Sinha told the Rajya Sabha during Question Hour, that the country was insulated from the effects of global economic slowdown because of the measures taken by the government. He said such measures coupled with better performance of the agriculture sector this year will provide the necessary fillip to the economy.
In response to another question, he said that the issue of recapitalisation of the State Finance Corporations at a cost of Rs 3,500 crore is still open.
The minister said:
