(Image source from: India says no lending funds at lower interest rates})

A senior finance ministry official Arvind Mayaram announced on Monday that India doesn't have any plan to offer a special window to lend funds at lower interest rates to companies in some sectors. Furthermore,  the official said in response to a question about a story in an Indian newspaper that he have not heard of any such plan.

To continue, the Economic Times explained during Monday, in detail that the finance ministry and the central bank were taking into account a selective stimulus plan that involved a debt-buying programme for eligible companies. India's economic growth succeeded in striking a decade low of 5 per cent in 2012/13. At the same time the stage of development was just 4.4 per cent in the first quarter of 2013/14.

(AW:SB)