The latest meeting comes amid concerns about the role of the 'super-regulator'
The latest flashpoint between the finance ministry and the RBI occurred on the back of a liquidity crisis in NBFCs
Speaking at an IDFC event here, he said governments increasingly get opportunities to interact with various stakeholders
He also regretted that the attempts were being made to weaken the authority of the elected
Heads of six large public sector banks have assured the government of adequate liquidity in the system even as sectoral concerns prevail
BJP govt should use majority to undertake pending reforms
"He lies a dozen times and then in self-delusion believes it to be true or is it a case of a Clown Prince' out-clowning himself?", says Arun Jaitley for Rahul Gandhi
Jaitley said global oil prices have risen on account of 'artificial shortages' and it has adversely impacted India
A study by the Organisation for Economic Co-operation and Development concluded that jurisdictions, including India, which provide exemptions to PSEs under competition law adversely impact competition
"This is little excessive," he says adding that free speech could, under the Constitution be restrained only under certain circumstances such as public order
The crisis has triggered concerns of liquidity squeeze in the NBFCs and mutual funds
He said public sector banks have recovered Rs 365.51 billion of bad loans or NPAs during April-June quarter
Jaitley said some global trends do adversely affect India, but going ahead they will open up avenues for the country to grow faster
This is the first meeting that the government is holding with public sector bankers, following its announcement to merge Bank of Baroda, Dena Bank and Vijaya Bank
He said the government has maintained complete transparency in the matter
The Finance Minister asserted that no rules were bypassed and the Cabinet Committee on Security's approval was taken for the deal
Jaitley added that bankers cannot be punished for honest decisions taken with commercial prudence that turned out to be erroneous or commercially unsuccessful with the passage of time
Urging people to read the reports, he said the system has been substantially cleaned up and made more transparent
Piyush Goyal, who was the caretaker Finance Minister in Jaitley's absence, will continue as Railways and Coal Minister
"India's foreign exchange reserves are comfortable by global standards, and sufficient to mitigate any undue volatility in the foreign exchange market", says Jaitely