FM's remarks on price cutting irks India Inc
An expectant India Inc waited with bated breath to hear the Finance Minister P Chidambaram on the World Economic Forum's 24th India Economic Summit hoping the minister to soothe their frayed nerves. But it was not to be because after the usual reassurances came a bolt from the blue. The finance minister on Tuesday said the industry needs to cut costs to induce demand, as this is the only way with which India Inc could maintain its financial health.
