Tag Archives: Finance minister

Rupee will correct itself, finance minister tells House

NEW DELHI: Finance minister P Chidambaram on Thursday expressed disappointment at the decline in economic growth but assured the Lok Sabha that the rupee will correct itself. Conceding that the economy was going through a period of stress, he said the government has been taking … Continue reading

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Fiscal deficit touches 63% of BE in 4 months

Amid slowing tax revenues and rising Plan expenditure, the Centre’sfiscal deficit for the first four months of this financial year soared to Rs 3.4 lakh crore, 62.8 per cent of the Budget estimate (BE) of Rs 5.42 lakh crore for 2013-14, … Continue reading

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RBI to come out with paper on banking structure: Subbarao

RBI will come out with a paper on the banking structure in the country discussing issues like consolidation even as it prepares to issue new bank licences after a decade. RBI will also involve enforcement agencies and tax authorities before it issues … Continue reading

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