Finance Minister Chidambaram asserted that the economy is going to become stronger due to efforts of the present UPA government. Addressing the media in New Delhi yesterday, he said the Current Account Deficit, 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.
News On AIR | April 27, 2014 8:29 AM
Going forward economy can only become stronger: Chidambaram