Finance Minister P Chidambaram has said, there is no need for panic on the rupee depreciation and hoped that it will regain the losses suffered during the last few days. Talking to reporters in New Delhi, he said, there is no reason for panic over rupee decline as it will stabilize soon. The Finance Minister also assured that more steps will be taken to boost the country's economy in the next few weeks. He said, the government will take important decisions on coal and gas pricing and FDI limits, this month, to attract more investments. Mr Chidambaram informed the media that he, along with other key advisors, will discuss steps to revive investment and stalled projects at a meeting convened by the Prime Minister.The Finance Minister said, steps taken by the government since August last year, had their impact on fiscal consolidation and inflation. Mr Chidambaram said that he is looking forward to have more reforms to achieve the desired results. He said the revenue collection is broadly satisfactory and the government will achieve the 4.8 per cent fiscal deficit target. He also said there is no need for current account deficit. The Finance Minister has asked his Cabinet colleagues to spend budgetary allocations made for their respective Ministries saying that government spending will help the growth process.The Finance Minister said the world continues to repose faith in India as its economy is now strong and inflation is also low. Expressing satisfaction over the sharp decline in gold imports, he ruled out further hike in its import duty. However, he made a fervent appeal to the people to resist the temptation to buy gold.Mr Chidambaram said, his Ministry favoured Chandrasekhar panel report to encourage foreign investment. The Finance Minister said that SEBI has sought government's views on the panel recommendation.The Finance Minister said that the government has already appointed a Mission Director to push the Direct Benefit Transfer scheme forward. He said over 12 crore families will get LPG subsidy into their account and the scheme will bring a fundamental change in the manner the subsidies are delivered.