I hope Deepak Parekh will not accuse us of financial jugglery: P Chidambaram

May 08 2014, 20:09 IST
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FM P Chidambaram reacts to comments made by Deepak Parekh on Wednesday. (PTI) FM P Chidambaram reacts to comments made by Deepak Parekh on Wednesday. (PTI)
SummaryCutting comments by Deepak Parekh have not gone down well with FM P Chidambaram.

Responding to comments by HDFC Chairman Deepak Parekh on part of the subsidies of 2013-14 being rolled over to the current financial year, FM P Chidambaram said they are paid at the end of every quarter.

Accordingly, the fourth-quarter subsidy of the previous year is paid in the first quarter of the current year.

"This is well known in the government and I am sure this is known to Deepak Parekh.... I hope he will not accuse us of any kind of financial jugglery," P Chidambaram said.

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