The PHD Chamber of Commerce and Industry favours strict monitoring of infrastructure, energy and industry projects to give momentum to the growth of Indian economy for overcoming the adverse impact of slowdown.

It may be mentioned here that various projects involving a record outlay of Rs 2,49,362.95 crore in the Union Budget are to be taken up in the April-June 2009 fiscal quarter.

Consumers have not taken too kindly to the government's decision to raise the price of LPG cylinders by Rs 50 in a single stroke. With inflation touching an all-time high, it has anyway been a tough balancing act for homemakers to juggle their household expenses and the gas price rise is bound to upset their budgets even further.