Faced with a sliding rupee, Finance Minister P Chidambaram said the Government will further liberalise the foreign direct investment (FDI) policy, and encourage public sector undertakings to raise funds from overseas markets.

Addressing the media on completion of one year as Finance Minister, Chidambaram exuded confidence that the economy would record a growth rate of 5.5-6% in the current fiscal, up from 5% a year ago. Read More

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