Finance Secy T V Somanathan terms Adani Group row as ‘storm in the tea cup’

Terming the Adani Group issue as “storm in the tea cup”, Union Finance Secretary T V Somanathan on Saturday said that fluctuations like this comes and goes.

“I had said that in terms of our macroeconomic numbers, the issue (Adani enterprises issue) is like a storm in a tea cup and I still stand by that statement,” he said in response to a query during a press conference in Mumbai. Union Finance Nirmala Sitharaman, along with the officials of the ministry, was interacting with the media after the conference.

“Foreign reserves grew to USD 8 billion. FPOs (follow-on public offers) come and go,” he said, adding “Fluctuations come and go.”