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On Record

Print Edition: Dec 9, 2012

Who said what when IIP contracted 0.4 per cent in September -

"RBI will relook at its monetary policy in the light of latest index of industrial production figures and reduce interest rates"
R.V. Kanoria
President, FICCI, to PTI

"We are looking for 4 to 5 per cent inflation (to cut rates) which is our comfort level"
K.C. Chakrabarty
Deputy Governor, RBI, to agencies

"While fully appreciating the imperative of anchoring inflation, it is our view that RBI now needs to intervene and reduce interest rates since a complete sacrifice of growth is not in the interest of the economy"
Chandrajit Banerjee
Director General, Confederation of Indian Industry, to agencies

"IIP for September is bad, but I do see a pick-up by the end of March. We had originally expected overall IIP at 7 per cent for the fiscal, but now it could be 6 per cent"
C. Rangarajan
Chairman, Prime Minister's Economic Advisory Council, to agencies

"It is obviously very disappointing ... the September data does not reflect the impact of any recent initiatives"
Montek Singh Ahluwalia
Deputy Chairman, Planning Commission, to agencies

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