Growth slowdown crisis group likely

The government is likely to set up a special crisis management group with top officials drawn from regulators, government departments and the Reserve Bank of India.

The government is likely to set up a special crisis management group with top officials drawn from regulators, government departments and the Reserve Bank of India to formulate quick policies to address concerns emerging from the global meltdown.

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An RBI deputy governor is likely to head the group, which will have representatives from stock exchange and insurance regulators and the finance ministry. It is likely to be formed this week.