GAAR amendments finalised: Chidambaram
"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 is use it or lose it," he said.
At the beginning of the financial year, each central PSUs had committed to invest certain amount.
Chidambaram said the performance of CMDs will be measured, among other things, on how much their company has invested in terms of the declared intention.
Chidambaram said the performance