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Q&A with Ajay Chhibber, Assistant Secretary General, United Nations Development Programme
IIFCL issue first to hit market on Monday
He was speaking at the World Economic Forum
India's growth must be inclusive with reforms for an equitable society
Employment generation is also going to be a key focus area
Moots constitutional backing for Lok Pal to enable them to function independently and effectively
Shome panel recommendations may not be accepted completely
Upset over RBI's decision to leave interest rates unchanged on inflation concerns despite govt unveiling 5-yr fiscal consolidation road map
The ministry was expecting Rs 35,000 to Rs 40,000 cr by way of retrospective tax on indirect transfer of Indian assets by non-residents
This is lower than the Rs 60,000 cr announced in Budget 2012-13
Chidambaram will look at recovery issues with state govts, pending projects, and flow of credit to micro & small enterprises, weaker sections and minority community
Govt considering the move to combat fraudulent people who are coming forward as claimants, siphoning off money from the insurers
Other banks may also pick up lead from SBI and cut rates ahead of the festive season
He was speaking at a session on 'Financing Next Generation Corporations at the World' Economic Forum.
However, it has not specified whether the government would liquidate Kingfisher¿s assets to recover its dues if the deadline is not met
Says constitutional backing would enable them to function independently and effectively
However, showed optimism that things had started changing in India lately
There might be some restrictions on participation of MFs, with only funds meeting specific conditions to be allowed
Mayaram expresses confidence that fiscal deficit and disinvestment targets will be met
It says India needs to realise it is competing with other emerging market for investments