Finance Minister P Chidambaram has said the fiscal and current account deficits are under control and the economy is more stable than it was 18 months ago. He said that current account deficit, CAD, will be contained below 40 billion Dollars and fiscal deficit target of 4.6 per cent will be achieved. Mr Chidambaram was addressing a joint press conference with RBI Governor Raghuram Rajan after the meeting of board of directors of the bank in New Delhi today. He said stability of the economy is reflected in the strengthening of the rupee, and in heightened interest of investors, both FDI and FII. He expressed confidence that by working together the government and RBI would be able to achieve these targets.To a query on easing of curbs on gold imports, the Finance Minister said the government would revisit the matter after the final CAD numbers are out. He also reminded that time has come to find innovative ways for raising bank capital. To a question about the issuance of new bank licences, RBI Governor Raghuram Rajan said the central bank would take a decision in the next few weeks, subject to approval of the Election Commission.