Which Indian author won the award for his work on the project Oil Changed Stimulus ?
Ajay Dua: Making the stimulus package work There is a strong case for making greater use of monetary instruments at this juncture Ajay Dua / New Delhi February 4, 2009, 0:55 IST There is a strong case for making greater use of monetary instruments at this juncture. Also Read News Now Paper Specials – No jitters on poll results eve… Sensex advances 301pts – BJP’s poor show in Guj raises doubts over Modi’s popularity – Modi’s ‘black’ magic failed to work in favour of NDA: Cong – TN, Andhra to provide 65 seats to UPA – CWC to meet tomorrow to thank voters – Paswan loses as NDA takes rapid strides in Bihar More Also Read News Now Paper Specials – We won’t cut prices, say steel makers – HCL Tech plans to cancel Rs 3,000 cr worth of hedges – M&M may move production of key models out of Nashik – Counting the cost as the countdown begins – &£39;We might move production out of Nashik if situation continues&£39; – Ashok Leyland-Nissan JV to be delayed More Also Read News Now Paper Specials – Q
Crude oil traded little changed in New York amid doubts a $780 billion stimulus plan in the U.S. will lead to a rapid recovery in global energy demand. Senate and Congress lawmakers due to vote on the plan today and tomorrow are more than “90 percent” agreed on its contents, Lawrence Summers, director of the National Economic Council, said yesterday. U.S. crude inventories have climbed in 17 of the past 19 weeks, leaving them 15 percent higher than the five-year average for the period, the Energy Department said. “Obviously a stimulus package would go a long way toward improving the demand outlook,” said Toby Hassall, an analyst at Commodity Warrants Australia Ltd. in Sydney. “But these things take time to filter through. While sentiment may be lifted just from the announcement, we’ve still got inventories rising.” Crude oil for March delivery was at $40.20 a barrel, up 3 cents, in after-hours electronic trading on the New York Mercantile Exchange at 1:19 p.m. Singapore time. The contr
