Excellent Hair Fall Treatment
Search: Look for:   Last 1 Month   Last 6 Months   All time

Need for strengthening our domestic financial institutions to be re-emphasised: FICCI

New Delhi, Thu, 19 Dec 2013 NI Wire

The Fed's announcement to cut monthly bond purchases by US$ 10 billion in January amid improved economic outlook in the US, finally puts an end to the speculation surrounding the timing of tapering. "India is now definitely in a better position to manage its balance of payments as the Government and RBI has taken effective steps to build up forex reserves and render stability to the foreign exchange market", said Ms. Naina Lal Kidwai, President, FICCI.

“The recent trends in our trade and current account data clearly indicate that CAD for this fiscal would narrow down to less than US$ 50 billion, well within sustainable limits. Regular policy interventions are in-fact required for curbing imports of indigenously available resources and economizing imports of oil through conservation plans and push to domestic production to improve our trade balance over the long term.” noted Ms. Kidwai.

Kidwai said, “Further, we cannot disregard the possibility of turbulence in the FIIs market as seen earlier this year. The need for strengthening our domestic financial institutions has to be re-emphasised. The capital markets have to be made more deep and efficient to attract long-term investments and reduce the risk of volatility in capital flows.”


LATEST IMAGES
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
PM Modi paying tributes at the portrait of Sardar Vallabhbhai Patel
People take part in the Run For Unity on the Rashtriya Ekta Diwas
PM Modi flagging off the Run For Unity on the Rashtriya Ekta Diwas
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments:


 

OTHER TOP STORIES


Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.