On Jan Dhan: This is not to show more number of accounts. What I am more concerned about is that we actually achieve proper inclusion by bringing in households that were not reached in past. We are working with the government to try and make this dream a possibility. On coal block cancellation: The opportunity to reform by starting afresh on exploiting the coal reserves is the silver lining in the whole issue. On rupee: We are not there to protect the level of the rupee. There are lots of factors that will determine the movement of the rupee. We will prevent undue volatility in the currency. On credit offtake: Credit offtake depends on new investment. The recent cautious optimism that is building in the economy on the back of improved business sentiment needs to be placed on solid foundations through a step-up in investment. That (the talk of action) has to be translated into action. On the global scenario: With monetary policy in advanced economies remaining highly accommodative, investor risk appetite has increased and spread to various asset classes. With volatility perhaps excessively low, financial markets have risen to new highs, driving surges of capital flows to emerging markets. On hedging of forex: Given the easy availability of foreign finance, corporations should be wary of being lulled by relative exchange rate stability and neglect hedging foreign exchange liabilities.
