The Reserve Bank of India RBI Governor, Raghuram Rajan today said RBI will initiate talks with the government for an appropriate time frame to ensure the inflation target of 2-6 per cent of the economy. Delivering the keynote address at Bharat Ram Memorial Seminar in FICCI house New Delhi, Mr Rajan said the RBI will ensure a conducive environment for sustainable development and provide a glide path towards lowering inflation. He also emphasized to incentivise domestic savings so that the lending capacity of banks would increased for infrastructure projects. On the issue of FDI, Mr Rajan said India needs foreign finance, but the best bet to attract foreign investment is through long-term equity. He also said the ambitious programme like Make in India will only succeed if the government implements infrastructure plans and reduce the cost of doing business in India. Defending its decision for not increasing the interest rates he said that central bank some time needs to go against popular opinion. He added, the role of a regulator is not to boost sensex but to enhance the underlying growth.