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Statement made by Mr. Vineet Mittal, Vice Chairman, Welspun Renewables on tax change rates announced by RBI Governor

 “Governor Raghuram Rajan has been known for making prudent policy decisions. Balancing wider economic interest with industrial growth is a fine line that RBI has to walk on.

The industry was however expecting a .50 interest rate cut as opposed to RBI’s .25% cut implemented today, though with a prospect of another rate cut further in the year, we are confident that Reserve Bank of India will continuously work to keep on creating a conducive environment for healthy economic growth.”

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