For Quick Alerts
Subscribe Now  
For Quick Alerts
For Daily Alerts

Economic reforms are not an ODI match: Chidambaram

Economic reforms are not an ODI match: Chidambaram
Finance Minister P Chidambaram today stated that economic reforms were not like a one day match saying that every ball does not immediately yield a run or a wicket.

Speaking to reporters after the Fitch revision in India's outlook, he said that the world continued to repose faith in India.

Elaborating on the initiatives on reforms he stated that the government plans to announce a review of the foreign direct investment limits as also coal pricing and allocation to power plants and gas pricing by the end of June.

The various measures taken by the government since last September have yielded significant results and the government is looking forward to more reforms in the coming days, he said, adding that the government is encouraging every ministry to accelerate spending early.

Elaborating on the recent fall in the rupee, Chidamabaram said that countries with a high current account deficit have seen their currencies depreciating. "There's no reason to panic on the rupee's front. The rupee will find its level and there is no reason to believe that the rupee will continue to depreciate," he said.

Read more about: finance minister
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more