Fear of recession in Asia
Asian markets tumbled down on fear of recession has put the asian stocks dipping and fear of recession reached from US has taken the cpatains of the industry to tighten their belts. 2008-11-12 05:51:55 - Prime Minister Dr Manmohan Singh has ruled out immediate reduction of petroleum products. He said that high prices of aviation fuel were reduced so that the employment potential in aviation sector is not affected. High aviation fuel prices resulted in financial losses to oil companies. Speaking to reporters on board in his royal aircraft way back from Doha, Dr. Singh said that the government is committed to provide all possible help to trade and industry to check the adverse impact of global economic melt down. But refused reduction in oil price,thus paving way for spiralling inflation to continue an adverse chain reaction in further vigrous and deepening of Indian recession to follow soon with fear of negativity in economic cycle. Steel Secretary P K Rastogi has said that the SAIL...