April 10, 2010 6:46 PM

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FM hints at further roll back of stimulus

Finance Minister has hinted further roll back of stimulus measures announced in back drop of the global financial crisis. Speaking at a function in Kolkata today he said economic recovery has offered room for such a move. He said he is hopeful that the economy could still grow up to 8.75 per cent in the current fiscal.Mukherjee called for the next wave of reforms in the financial sector in tune with the changing needs. He said, many financial sector norms are decades old and some are even 50 years old. It is high time to make some changes for effective financial sector norms to be in tune with the dynamic needs of markets. He was speaking at the annual convention of the Association for National Exchanges Members of India.

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