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