A file photo of Raghuram Rajan (left) and P. Chidambaram at a meeting (Photo: Reuters)
Finance Minister P. Chidambaram and Reserve Bank of India chief Raghuram Rajan addressed a press conference on the state of the economy and new bank licences
Highlights
- Chidambaram: We will achieve the fiscal deficit target of 4.6%
- Chidambaram: CAD will be contained below $40 billion
- Chidambaram: Time has come find innovative ways for raising bank capital
- Rajan: We will explore more ways to raise bank capital
- Chidambaram: Economy more stable than 18 months ago
- Chidambaram: RBI to take a call on new bank licences
- Rajan: RBI panel doing due diligence on new bank applicants
- Chidambaram: Current account deficit has been contained with great difficulty
- Rajan: RBI is worried about growth as much as it is worried about inflation
- Chidambaram: Too early to decide on gold curbs
- Chidambaram: Decision on gold curbs after CAD data
- Rajan: RBI to discuss with Election Commission before issuing new bank licences
- Rajan: New bank licences to be issued in next few weeks
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
