New Delhi: Finance Minister P Chidambaram on Saturday said most of the country's economic problems will be solved once investment is revived.
"Reviving investments is a key challenge for us. (Investor) sentiment is not the only issue...sentiment will change with other issues...once we get the investment engine started, I think many of our problems can get resolved," Chidambaram said after meeting chiefs of public sector banks.
The Finance Minister reviewed the performance of public sector banks (PSBs) in the wake of the slowdown and concerns over rising bad loans.
"We had a very substantial agenda, which included agri credit, lending to minorities and state of health of the banking sector. Fuel supply grievances, land acquisition issues have also been discussed, which are inhibiting investments. I am going to discuss all these issues with the line ministries to push investments," he added while briefing the media about the meeting....more
03:28 PM, Aug 18, 2012