Friday, March 7, 2014

Economy More Stable Today

Finance Minister p. Chidambaram today said the economy's recent financial statements curtain on crispy and the current account deficit (CAD) control. suffice it to compliment either himself, Chidambaram g chukte. this time too, he said, the economy is more robust than the 18 months ago.

Chidambaram said the Reserve Bank of India told reporters after addressing the Board of Directors, "there's no doubt that the economy is more robust than the 18 months ago in robustness and FDI and FII. bucks both reflects growing interest among investors, Finance Minister Chidambaram of '' 18 months ago was handled in August 2012.

He said the year 2013-14 fiscal deficit target will be achieved and the current account deficit to $ 40 billion will be kept to a minimum. "he also said, ' I'm glad RBI measures and the Government has lauded the steps with each other and 18 months ago we have the goal of balance had prepared themselves to achieve it.

On the release of new banking licenses RBI Governor Raghuram Rajan said the Central Bank will take a decision in the next few weeks. the case hinges on the approval of the EC. Rajan said, "I believe that if all goes right, we have a few weeks in this (new license) decision." he said, adding that the EC will ensure that it will not violate the code of conduct.

On the economy, Chidambaram said India "to achieve price stability and growth both. this country needs people and residents of the country are well worth it." he voiced hope that "to work closely with the Government and RBI can achieve Gold began to soften strict rules on imports on Chidambaram said after the Government statistics of CAD to rethink .