Prime Minister Narendra Modi reviewed the stock and currency market situation following the meltdown in the stock markets around the world. Talking to reporters after the meeting with Prime Minister yesterday, Finance Minister Arun Jaitley said Mr Modi is in favour of taking steps to convert the worldwide crisis into an opportunity for India.<br/><br/>He said the Prime Minister also opined that in order to further strengthen Indian economy, there is a need to take more steps. Mr Jaitley said the government is keenly monitoring global developments and it has discussed market situation with RBI and SEBI. He added that India's internal situation is strong and there is no payment crisis and ruled out any bailout package.<br/><br/>On a query when the government will intervene in the market, the Finance Minister said the Centre will keep watching the situation and respond when required.