Financial sector reforms to continue: Montek

Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the government would push for reforms in the financial sector but said such a move would not jeopardise India’s growth prospects.

“I think we can absorb foreign investment flows. Obviously, we will remain watchful on flows of short-term debt and so on, but a revival of foreign income flows is very welcome,” Ahluwalia said at the economic editors’ conference.

Finance Minister Pranab Mukherjee had echoed similar sentiment yesterday when he ruled out curbs on capital inflows to contain inflation.