The mutual funds industry, though promising higher returns to investors faces a trust deficit from the masses, Finance Minister P. Chidambaram has said. “People still place enormous trust in the public sector banks, but the same level of trust is missing when it comes to mutual funds,” Chidambaram said here late Sunday night while speaking […]
Finance Minister P. Chidambaram Thursday asked main opposition Bharatiya Janata Party (BJP) to clarify its economic policies, especially related to foreign direct investment (FDI) in multi-brand retail. In a statement, Chidambaram asked BJP prime ministerial candidate Narendra Modi to clarify his position on key economic issues facing the country like fiscal deficit, current account deficit […]
The US Federal Reserve’s decision to scale down its economic stimulus programme by $10 billion should not affect the Indian markets, Finance Minister P. Chidambaram said Thursday. “This decision was expected and should not in any way surprise or affect the Indian markets,” Chidambaram said in a statement after the US Federal Reserve announced that […]
chidThe government will, by March end, review and may revisit some of the restrictions imposed on gold imports, Finance Minister P. Chidambaram said Monday. Addressing an event to mark the International Customs Day here, Chidambaram hinted at easing the curbs on gold imports if there is a firm grip on the current account deficit (CAD). […]