Jatiley said that following credit policy announcements by the RBI in June and August he had issued statements clarifying the Finance Ministry's position on growth, inflation and interest rates.
     
"I, on the same evening (June 3 and August 5) already issued a clear statement and I think that's very clear. This is an issue that the RBI decides and I am sure they factor in various circumstances," he told reporters after addressing the Central Board of the Reserve Bank of India (RBI).
     
The RBI had maintained status-quo on interest rate in its two credit policies announced after the formation of the new government in May, notwithstanding the industry demand for cutting rates for boosting growth.
     
After the August 5 RBI policy review, Jaitley had said that inflation was moderating and going forward "the RBI should examine the liquidity situation, inflation and growth in setting policy rates".
     
Earlier in June also, he had said the government was "concerned with restarting" the investment cycle and moving towards higher growth and job creation.
     
In June, while retail inflation slipped to 30-month low of 7.31 percent, the wholesale price index dropped to four-month low of 5.43 percent.
     
On disinvestment programme, Jaitley said that the government has already provided the target for the current fiscal and it is progressing as per schedule.

Meanwhile, replying to a question on retail inflation targets for January 2015 and 2016, RBI Governor Raghuram Rajan, who was present at the press meet, said "as of now, we think the policy is on target. We (RBI's policy measures) are contingent on the data coming in.”
      
RBI is targeting a retail inflation (CPI) of 8 per cent in January 2015 and 6 percent in the following January.

Arun Jaitley hopes RBI will take a call on cutting rate to boost growth
RBI should examine the liquidity situation, inflation and growth in setting policy rates: Jaitley
Govt concerned with restarting investment cycle and moving towards higher growth rate to generate jobs
In June, while retail inflation slipped to 30-month low of 7.31 percent, the wholesale price index dropped to four-month low of 5.43 percent
RBI Board reviewed the current economic situation, global and domestic challenges and policy responses

Later, RBI in a statement said that while addressing the board, the Finance Minister stressed that the policy regime was being geared to attain higher growth, lower inflation and sustainable external balance in the backdrop of sub-five percent growth in last two fiscals.
      
The RBI Board reviewed the current economic situation, global and domestic challenges and policy responses.
      
Jaitley also told the board that tax incentives have been enhanced to promote household savings and measures are being taken accelerate credit flows to infrastructure and promote agriculture growth.
      
The Board was also told that steps are being taken to encourage investment in the country.
      
The Finance Minister also discussed financial inclusion programme of the government, which is expected to be unveiled by Prime Minister Narendra Modi in his Independence Day speech.

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