Govt, RBI policy biased for growth: Chidambaram

The policies of the government and the central bank are biased towards growth, a senior cabinet minister told parliament today.

The policies of the Indian government and the central bank are biased towards growth, a senior cabinet minister told parliament on Tuesday.

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Home Minister Palaniappan Chidambaram, who was formerly finance minister, was answering a question on behalf of Prime Minister Manmohan Singh, who now holds the finance portfolio. "Today, government policy and I believe, the RBI's policy, is biased in favour of growth, which is why the prime minister announced a stimulus package a few days ago," Chidambaram said, referring to the Reserve Bank of India.