In that case, there would be upward pressure on interest rates in accordance with such improvement. The degree of monetary easing will increase if the Bank contains such upward pressure and thereby maintains the shape of the yield curve. B.
It is due to that fact that, with a view to fast tracking the development in the North, the Government has now launched a well-planned, integrated, accelerated development program titled “Vadakkin Vasantham.” Under this program, the Government expects to invest approximately Rs. 295 billion $ 2.7 billion) during the next 3 years, towards rehabilitation and development activities.