FM meets top officials to take stock of economic situation

P Chidambaram on Monday met top officials to discuss the current economic scenario and the course of action for the next three months.

Written by Express News Service | New Delhi | Published: August 20, 2013 3:20 am

With continued volatility in the rupee despite a slew of measures by the finance ministry and the central bank,finance minister P Chidambaram on Monday met top officials to discuss the current economic scenario and the course of action for the next three months.

The three-hour long meeting was attended by secretaries of the departments of revenue,expenditure,financial services and disinvestment and each of the departments were asked to expedite pending projects.

“It was to review the performance of the departments and discuss the agenda for the next few months,” said a person privy to the development,adding that each of the departments were also asked to provide a list of priority proposals that could help boost growth and attract investments.

The current economic conditions were also discussed. “But many measures have already been taken by the government. More options are on the table,” the person said,adding that the rupee volatility will be taken up when the finance minister meets the secretary,department of economic affairs.

The meeting is likely to take place on Tuesday as DEA secretary Arvind Mayaram was in Mumbai on Monday.

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