New Delhi, Aug 10 IANS | 3 months ago

Finance Minister Arun Jaitley Sunday said he had made his views clear on the need to cut interest rates to boost growth and hoped the Reserve Bank of India (RBI) would take a decision after taking into account various factors.


"I, on the same evening (June 3 and Aug 5) already issued a clear statement and I think that's very clear. This an issue that the RBI decides and I am sure they factor in various circumstances," Jaitley told mediapersons after addressing the RBI central board here.

The RBI left key interest rates unchanged in its third bi-monthly monetary policy review Tuesday.

Known for the primacy he accords to controlling inflation, RBI Governor Raghuram Rajan said in his policy statement that RBI will continue to closely monitor inflation developments, and remains committed to the disinflationary path of taking Consumer Price Index (CPI) inflation to 8 percent by January 2015 and 6 percent by January 2016.

"As of now, we think the policy is on target (inflation control). We (RBI's policy measures) are contingent on the data coming in," Rajan said Sunday.

Jaitley told the RBI board that the policy regime was being geared to attain higher growth, lower inflation and sustainable external balance in the backdrop of the less than 5 percent growth in last two fiscals.

(Posted on 10-08-2014)

Share This Page:


Post your comments


Information on States of India:

Andaman Nicobar | Andhra Pradesh | Arunachal Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal

INDIA REGIONAL MAPS:

Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |

KERALA TRAVEL MAPS:

Alappuzha | Ernakulam | Idukki | Kannur | Kasaragod | Kollam | Kottayam | Kozhikode | Malappuram | Palakkad | Pathanamthitta | Thiruvananthapuram | Thrissur | Wayanad |

TRAVEL MAPS OF INDIA:

Airports of India | Districts of India | India Pilgrim Centers | Tourism Map of India | National Highways in India | India Railway Routes |

INDIA CITY MAPS:

Ahmadabad | Bangalore | Chennai | Coimbatore | Delhi | Hyderabad/Secunderabad | Kochi | Kolkata | Mumbai | Pondicherry | Pune | Surat |