Finance Minister Pranab Mukherjee has asked investors not to press panic button over the housing finance racket as the loans are protected. He said he is in touch with RBI Governor, Chairman of Life Insurance Corporation. CBI sleuths had on 24 November uncovered a multi-crore corporate housing-loan racket involving several public sector lenders including LIC and Bank of India. Several officials of the institutions have been arrested. Addressing the conference on economic policies for inclusive development in New Delhi today, Mukherjee said that economic policies need to be designed in an innovative manner. Neither public finance should exhaust nor growth process hampered. Finance Minister said , there is a need to consolidate public finanaces, financial stability, employment generation and economic growth to achieve the objective of inclusive development. The Finance Minister asserted that the government has created entitlements backed by legal guarantees for an indival's right to information, right to work and right to education. He added right to food is also on the anvil. Mr. Mukherjee said that emerging economies have brighter growth prospects but at the same time face financial instability caused by international capital inflows.