PM Modi meets Arun Jaitely, RBI Governor amid fuel price hike & sliding rupee

Prime Minister Narendra Modi on Friday met Finance Minister Arun Jaitley and top Finance Ministry officials to review the economic scenario. PM Modi will hold another economic review meeting with key policy makers on Saturday to discuss possible interventions by the government to address the macroeconomic challenges arising out of the depreciating rupee and steep rise in fuel prices. While Revenue Secretary Hasmukh Adhia and Economic Affairs Secretary Subhash Chandra Garg accompanied Jaitley to the Friday meeting, Expenditure Secretary Ajay Narayan Jha will join the Saturday meeting during which the Prime Minister will also review the budget, informed sources said.