April 26, 2014 6:57 PM

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Chidambaram asserts that the economy is going to become stronger due to efforts of present UPA govt

Finance Minister Chidambaram has asserted that the economy is going to become stronger due to efforts of the present UPA government. Addressing the media in New Delhi today he said the Current Account Deficit – CAD – has been brought down significantly to 32 billion dollars as against the previous year's 88 billion. Fiscal deficit has been contained within the target of 4.6 percent of GDP in 2013-14. But,there has been shortfall in overall tax collection in the last fiscal. To a query on the Adani Group, considered close to Gujarat Chief Minister Narendra Modi, Chidambaram said he is appraised about various issues by investigating agencies. Chidmabaram hits back at Mamata Banerjee on Saradha scam issue and rejected her allegations that Enforcement Directorate is acting at his behest. Asking why the Chief Minister is concerned aboutpeople charged with wrongdoings in the scam and said she should instead be bothered about the victims.

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