Not in PM race...want to travel, read & write, says P Chidambaram
Answering questions at The Economist's India Summit here, Chidambaram said he would like to "remain a worker of the Congress party".

"I have no such expectations. I believe that in the few years that remain to me, I want to do (a) few other things, like travel," Chidambaram said at an interaction on Wednesday when asked whom he would like to choose his finance minister after becoming the Prime Minister after 2014 general elections.
The expectations of early elections have risen following increasing differences between Mulayam Singh's Samajwadi Party and the Congress, which heads the UPA coalition that has been weakened by the withdrawal of DMK and TMC.
The minister, who's seen as a strong contender for Prime Minister's post should the UPA come back, said he would like to "remain a worker of the Congress party", adding that he did not had enough opportunity to work at party level.
"I want to prove that I can also do party work. I will love to do party work, but I would do whatever the party asks me to do... I sincerely hope the party will allow me to travel, read and write," he said.
Ruling out early elections, Chidambaram said the government will last its full five year term.
"People talk about elections. They say have you not heard the bugle of election? I have not heard it. It is 13 months away," he said.
The government, he said, is elected for five years that is 60 months and has to work every day until the last day of its term, and that is precisely what the government will do.
The minister said the government could unveil host of initiatives in the next 2-4 months to ensure that the country achieves its potential growth rate of 8%.
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He said the government will put in place regulator for coal sector and road sector besides a rail tariff authority to fix railway tariffs. Finance minister said work on Goods and Services Tax was in progress and there was 70% possibility of the indirect tax legislation being passed in Parliament during the remaining tenure of the UPA-II.
Chidambaram said there will not be a let up on fiscal consolidation and the fiscal deficit target of 4.8% of gross domestic product (GDP) in the current fiscal will not be breached.
"A number of measures have been taken...We are determined to go back to the path of fiscal consolidation...We have laid out a new path and I have said these are red lines. This will be never, never breached," he said.
However, he cautioned that it was more important to check the widening Current Account Deficit but said flows were enough to finance it without drawing down country's reserves. Chidambaram said that a third tranche of the stimulus package, which was announced in 2008 to provide a cushion to the industry, was "perhaps avoidable".
At an another function to unveil mediclaim facility for the farmers holding Kisan Credit Cards (KCC), he said there is a need to take immediate action by the non-life insurance sector to increase penetration and coverage of the non-life insurance in the country.
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