be listed before the Cabinet at a time when the PM decides it should be listed. But I saw in some newspapers ... that it is likely to be listed," he said.
Concerned over delays in implementation of several mega projects, Chidambaram had recently proposed setting up of NIB under the Prime Minister to clear large projects. However, environment minister Jayanthi Natarajan had raised objections to the NIB proposal.
When asked about the environment ministry views,Chidambaram said, "They have some reservation which I think the officers have explained at a meeting...with the PMO."
He said that "please remember NIB, or whatever name you call it", is intended to address only the projects where the investment is over R1,000 crore and all other projects are not being brought under its purview.”
‘Reserve Bank, govt not antagonistic to each other' Chidambaram rejected the perception that his ministry and RBI were at loggerheads over interest rates and other issues, and said that they were not "antagonistic" to each other.
"The equation between the government and the central bank in India is the same as the equation between the government and the central bank of any country. It is always arguing for growth on the part of government and arguing for stability and taming inflation on the part of the central bank," he told PTI in an interview.
Even as the government makes out a case for the central bank to support growth, it doesn't mean “they (the finance ministry and the RBI) are antagonistic to each other", he said. "What we are trying to do is to argue our case, argue the case for growth, argue the case for taming inflation and then of course whatever the judgement is arrived at...," the minister added.
Invest or lose surplus cash, PSUs told
Chidambaram said the central PSUs have been put on notice to either invest their surplus cash or lose it. “We have already put (PSUs) on notice, no one will be allowed to fall short of (the) announced intention to invest... If they have not invested and they still have surplus cash, they have been told to invest...the principle