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Govt seeks practical solutions to coal, power problems

February 17: The government intends to find "practical solutions" to certain "stressed" sectors such as petroleum, power, coal, highways and textiles, Union Finance Minister P Chidambaram said in his Interim Budget for 2014-15 on February 17.

He, however, did not elaborate on the solutions.

Earlier, the minister said that 2012 and 2013 were years of turbulence for the Indian economy, as they were for other emerging economies.

He further said that his primary objectives and concerns were fiscal consolidation, price stability, self-sufficiency in food, reviving the growth cycle, enhancing investments, promoting manufacturing, encouraging exports and quickening the pace of implementation of projects.