Advani warns of ‘economic emergency’

Advani warns of ‘economic emergency’
PTI
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First Published: Fri, Nov 21 2008. 12 47 AM IST
Updated: Fri, Nov 21 2008. 12 47 AM IST
New Delhi: The Bharatiya Janta Party’s (BJP) prime ministerial candidate L.K. Advani on Thursday warned that the country could face an “economic emergency” unless the government tackles the effects of the global financial crisis with clarity and determination.
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“The current economic crisis has instilled uncertainty, insecurity and even fears among all sections of the society, most of all among the poor and the middle classes,” he told captains of Indian industry whom he had invited for an interaction on the current situation.
“If there is a need to change FRBM norms, they should be considered,” said Jaswant Singh.
Bajaj Auto Ltd’s Rahul Bajaj, Reliance Industries Ltd’s Mukesh Ambani, Reliance Anil Dhirubhai Ambani Group’s Anil Ambani, Essar group’s Shashi Ruia, Bharat Forge Ltd’s Baba Kalyani, Assocham president Sajjan Jindal and Ficci’s Rajeev Chandrasekhar were among those who met Advani.
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First Published: Fri, Nov 21 2008. 12 47 AM IST