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Finance minister meets the Directors of the RBI Central Board
Finance minister P. Chidambaram, while addressing the Central Board of the Reserve Bank of India on Friday, indicated that the Interim Union Budget 2014-15 had been presented against the backdrop of considerable improvement in the macroeconomic environment with the fiscal and current account deficits being contained during financial year 2013-14.

This was made possible by effective macro-economic management which included unconventional and difficult measures, and close coordination between the Government and the Reserve Bank.

The Union Finance Minister was addressing the customary meeting of the Central Board of the Reserve Bank of India after the presentation of the Interim Budget. He was accompanied by Namo Narain Meena, Minister of State (Expenditure and Financial Services) and Jesudas D. Saleem, Minister of State (Revenue). Special invitees Sumit Bose, Secretary (Finance) Shri Ratan P. Watal, Secretary (Expenditure) also attended the meeting.

Raghuram Rajan, Governor, Reserve Bank of India chaired the meeting. Besides Deputy Governors K. C. Chakrabarty, Harun R. Khan and Urjit Patel of the Reserve Bank of India, the other directors of the Central Board of the Reserve Bank present at the meeting included Anil Kakodkar, Kiran S. Karnik, Nachiket M. Mor, Y.H. Malegam, Prof. Dipankar Gupta, G. M. Rao, Ela R. Bhatt, Indira Rajaraman and Damodar Acharya.

The meeting was also attended by Government nominee directors on the Central Board- Arvind Mayaram, Secretary (Economic Affairs) and Rajiv Takru, Secretary, (Financial Services).



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