Addressing IIT-Bombay's annual Techfest, Acharya said the RBI is putting together a public credit registry that will give banks the entire profile, including past loan details and also regular income flows, of borrowers.
Finance Minister Arun Jaitley said the government will stick to the 3.3 per cent fiscal deficit target in the current financial year, even as he highlighted the need to improve credit flow and liquidity in the markets.
On December 10, following the Westminster court order, Finance Minister Arun Jaitley tweeted: “Great Day for India. No one who cheats India will go scot free... An offender benefited during the UPA. The NDA brings him to book.”
Retail inflation in November continued the downward trend, slipping to a 17-month low of 2.33 per cent with food prices staying in the negative zone along with lower fuel prices and waning impact of the HRA revision for Central government employees.
He said he had resigned as a part-time member because the position could have come in conflict with his new role as a consultant with a news channel, where he will be doing commentaries and forecasting on elections.