Sunday, May 30, 2004

Finance: Chidambaram reacts to market crash

Article in Financial Express
"Market will react to events. Market goes up and down. One should take it as it is. The Indian capital market is well regulated and even on the Black Monday there was no payment crisis. We will regulate it better. One should not react to every market movement," the finance minister said.
Stating that the Government will take some steps over the next month which will address the fears of certain section of the market, he also reiterated that India is one of the best investment destinations and will remain so.

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