PM's message to India Inc: No layoffs

PUBLISHED ON: November 3, 2008 | Duration: 3 min, 51 sec

   
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Amid the ongoing global financial crisis, Prime Minister Manmohan Singh on Monday appealed to top Indian industrialists not to go for large scale lay-offs which may lead to a ‘negative spiral’. With worries about the Indian stock markets, and the impact of the liquidity crunch on Indian industry, the prime minister has set up a special cell to deal with the industry's grievances, take their suggestions and implement them.
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