We are alive to liquidity problem: FM

Finance Minister admitted that the system faces some liquidity problem which will be addressed.

Asserting that fundamentals of Indian economy are still strong despite global financial crisis, Finance Minister P Chidambaram on Wednesday admitted that the system faces some liquidity problem which will be addressed.

“There is liquidity problem. But, we will address the liquidity issue. (RBI) Governor is already on record, if necessary he will take further measures to infuse liquidity,” Chidambaram said in New Delhi.

He said the Government is fully alive to the need for greater liquidity in the Indian market.

Story continues below this ad

“Of course, liquidity will be provided. Everybody in the world is doing it. We are not affected to the same extent (by global financial crisis), but to the extent there is shortage of liquidity in the Indian market, we will provide liquidity,” he said.

He, however, said every Indian must be confident that the economy is still a growing economy.

“My firm opinion is that fundamentals of Indian economy are still strong. Economy is still humming with activity and it is growing,” Chidambaram said.

Men who opened fire outside actor Disha Patani’s home killed in encounter in Ghaziabad

Cities2 hr ago

Two men belonging to the Rohit Godara-Goldy Brar Gang were killed in an encounter in Ghaziabad, suspected to be involved in the firing outside Disha Patani's residence. The duo, identified as Ravindra and Arun, were wanted in multiple cases and were spotted by the police through CCTV footage. UP CM Yogi Adityanath had directed for a speedy investigation and strict action against the perpetrators.

View all shorts

Live Blog