All rights reserved Most Popular Dollar buys 97.68 vs. 97.51 in U.S. trade Friday 8:01p Japan’s Topix flat in initial moves 8:01p Japan’s Nikkei rises 0.2% in opening minutes 7:52p Japan July imports rise 19.6% vs. year earlier 7:52p Japan July exports rise less than expected 7:50p Japan’s July exports rise 12.2% vs.
Fate of Polish finance minister not known until November: deputy PM
NEW DELHI: Finance minister P Chidambaram has asked each of the secretaries in his ministry to present a 10-point action plan on Monday that could help draw up an agenda to kick-start a wider set of measures to revive the economy and improve business sentiment. Chidambaram has asked all the four departments to come up with ideas that could be implemented or prioritised over the next few months. This will also send out a signal that the government was for the time done with steps to stabilise the rupee and wants to move on to other pressing issues. “Each departments has to present a ten-point action plan on Monday” a ministry official familiar with the development told ET. Top bureaucrats in the finance ministry were closeted in a series of meetings on Saturday deliberating the things they will bring to the attention of the finance minister.
Finance Minister P Chidambaram seeks 10-point action plan to revive economy
Sources told Reuters on Friday Tusk was planning to dismiss Finance Minister Jacek Rostowski as part of a major cabinet reshuffle planned in a few months’ time to help rebuild the flagging support for the ruling Civic Platform party. “In my opinion, whether Minister Rostowski will remain in the government will be decided in November at the earliest,” Piechocinski told public radio. State television broadcaster TVP quoted a government spokesman as saying reports of Rostowski’s departure were mere speculation and no decisions about individual ministers would be made until the middle of the government’s four-year term, which started in November 2011. Rostowski has been Poland’s finance minister for six years, making him the country’s longest-standing finance chief since the end of Communism in 1989. He helped Poland keep its two-decade growth streak despite the global financial crisis.