Rajan calls on Jaitley; discusses inflation, economy

Reserve Bank governor Raghuram Rajan today called on new finance minister Arun Jaitley and

RELATED ARTICLES

discussed the prevailing economic situation as well as the issues related to the rise in prices.

The meeting, which comes just days before the next bi-monthly monetary policy review on June 3, lasted for about 50 minutes.

"It (curbing inflation) is absolutely a task that the government and the RBI are engaged with," Rajan told reporters after the meeting.

Soon after taking charge of the Finance Ministry today, Jaitley pledged to contain price rise.

Amid RBI maintaining high interest rate regime to tame inflation, Jaitley stressed on the need of a "balancing act" to deal with the declining growth and high inflation.

"Absolutely, RBI has always maintained the balance between growth and inflation," Rajan said, adding that the central bank would continue to do so.

On the Current Account Deficit (CAD), which sharply narrowed to 1.7 per cent of GDP in 2013-14, Rajan said "yesterday's number was very healthy".

When asked about easing of curbs on gold imports, the Governor said: "You will see policies as they are rolled out".

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Steps towards transparency in the real estate sector are long overdue

    Searching for black money in India’s real estate sector, which constitutes 11 per cent of the country’s $ 2 trillion GDP, is like searching for th

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

Reaping from the core of the earth

Geothermal energy is energy generated from inside the earth’s crust. ...

Zehra Naqvi

For the love of language

A video doing the rounds in social media these days ...

Dharmendra Khandal

‘Poop’ coffee anyone? If civets suffer, so be it

That a drink which proudly associates itself with animal poop ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture