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Finance Minister Arun Jaitley wants RBI to cut interest rates

DC | PAWAN BALI
Published Aug 31, 2014, 7:35 am IST
Updated Mar 31, 2019, 8:23 am IST
Finance Minister said that economy has shown signs of revival
Finance Minister Arun Jaitley (Photo: AFP/File)
 Finance Minister Arun Jaitley (Photo: AFP/File)

New Delhi: Finance minister Arun Jaitley on Saturday clearly indicated that his ministry wants the RBI to cut interest rates to give a helping hand to the economy, which is showing signs of revival.

Mr Jaitley expressed confidence that the insurance bill will be passed in the next session of Parliament as he sees a "positive attitude in some of the principal Opposition parties" and there will be no need to call a joint Parliament sitting. He also admitted that the coal judgment could have an adverse impact on the economy but hoped that the Supreme Court would not allow uncertainty to linger. Mr Jaitley said, “The economy is turning around.”

 

 

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