PM Weekend Meet: Expert's Opinion | CNBC-TV18

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The meeting is to analyse the health of the economy and decide if any intervention measures are required to stem the fall of rupee and rising oil prices.Here are the key points to take note of:The sense is that there is no need for a knee jerk reaction on the rupee because the economic fundamentals continue to remain strong.The finance ministry is clear that it wants to stick to the fiscal deficit target but it is an election year so eventually this will require a political support and a political call.The demand was for centre to cut excise on fuel by Rs 2, states by Rs 2 and OMCs by Re 1.However, the finance ministry believes it’s not advisable to go back to a subsidy sharing mechanism by oil companies. CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise. Subscribe to our Channel: Like us on Facebook: Follow us on Twitter: Website:

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Added On: 14 September 2018

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