PM to meet captains of industry today

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New Delhi, Nov 3 : Prime Minister Dr. Manmohan Singh is meeting captains of industry and trade in New Delhi on Monday to discuss the impact of global financial crisis and the slow-down in the Indian economy.

Industry leaders Ratan Tata, Anand Mahindra, Mukesh Ambani, Anil Ambani, Sunil Bharti Mittal, Shashi Ruia, K. P. Singh and Naresh Goyal are expected to attend the meeting today.

Presidents of the three apex chambers - Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce and Industry (FICCI) and Associated Chambers of Commerce and Industry of India (Assocham) - will also participate in the meeting. With the RBI providing 2,65,000 crore rupees in the last one month, one of the main demands of liquidity of industry has largely been met.

However, industry sources feel more was required since the overnight inter-bank lending rates are still quite high.

Meanwhile, Finance Minister P. Chidambaram will meet heads of public sector banks on Tuesday in the backdrop of series of measures taken by the Reserve Bank to ease money supply.

ANI

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