Parliament has a right to determine the inflation target: FM
New delhi – Finance Minister P Chidambaram said that the share of average prices, economic stability Parliament ‘s inflation target for the Reserve Bank may decide . Current Account Deficit He spoke of less than $ 40 billion .
Earlier it was estimated to be $ 45 billion. After Chidambaram Reserve Bank’s Central Board of Directors of the budget said after attending a meeting of the traditional economy is more stable than 18 months ago. Finance Minister Chidambaram took over in August 2012. After presenting the Interim Budget 2014-15 in Parliament on Friday, the Reserve Bank Board of Directors addressed.
Reserve Bank Governor Raghuram Rajan were also present on the occasion . In the next few weeks Rajan said the Reserve Bank may issue new bank licenses for it will allow the Election Commission . He said , ” I believe this is the right way . ” “It is my opinion that the government has the right to decide Target and her right to take steps to Halis Reserve Bank . “