Rediff.com » Business
RBI conscious about both growth and inflation: FM
By Suvashree Dey Choudhury and Neha Dasgupta
May 08, 2014 14:09 IST
The Reserve Bank of India is more conscious now than before that containing inflation and boosting growth are both important for the economy, and will keep that in mind while deciding the policy rate, Finance Minister P Chidambaram said on Thursday.
He said the total capital requirement for state-run banks is Rs 455 billion ($7.6 billion) in 2014/15 fiscal year, much lower than the Rs 113 billion provided for recapitalisation in the interim budget in February.
Image: P Chidambaram
Source:
REUTERS© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
Recommended by Rediff.com
UPA decade was economy's best, says Chidambaram
India's growth: How the 'dream team' failed miserably
Finance Minister P Chidambaram's report card is a mixed bag
What is Gitanjali's MD doing to polish his diamond business
Markets consolidate as May 16 jitters keep punters in check
© 2024 Rediff.com