No policy paralysis: Pranab Mukherjee

Union finance minister Pranab Mukherjee on Tuesday said that there is no policy paralysis within the government. Speaking in Rajya Sabha, Mukherjee added that the government has made many important financial decisions which show there is no lack of cohesion within the UPA. Reacting to the shrinking Index of Industrial Production (IIP), the finance minister stated that the Indian Economy is very much capable of bouncing back. Mukherjee added that the European economies are undergoing a major crisis and India cannot remain isolated with the global developments.