Govt Keen To Extend Helping Hand To Corporate Sector: FM (07-Feb-2012)
Acknowledging the contribution of the corporate sector in attaining high GDP growth in India, Finance Minister Pranab Mukherjee has expressed the government's willingness to extend a helping hand to the corporate sector. While addressing the FICCI seminar, Mukherjee said that 'the new Companies Bill has brought in new changes, which are in tune with the state of the economy at this point of time and the government is keen on helping the corporate sector fulfill the ambition of attaining high GDP and an inclusive growth.'
He further stated that to improve the supply of financial resources from the equity market, there is an urgent need to re-establish investor confidence and make the investors believe that their investments are safe.
Mukherjee observed that given the current savings rate of the economy at 33% and assuming that the entire domestic household savings has not left investible surplus in the hands of the savers, the percentage of investment in equity is not proportionate but more and if that is tapped, then more resources can be mobilized from the domestic market.
Top News Today
 National Thermal Power Corporation (NTPC) will be signing the fuel supply agreements' (FSA) with Coal India for 4,300 megawatts on 2009 terms. In these FSAs companies have change trigger level, which has
 After cellular market leader Bharti Airtel launched its 4G services, now Reliance Industries is reportedly gearing up to launch the services soon and has accordingly partnered with Himachal Futuristic
 Wipro's IT, consulting and outsourcing business Wipro Technologies is likely to introduce India Gateway internship programme for UK university students in July 2012. This internship program consists of
|
International Stock News
 US markets got a good bounce back on Monday with all major indices gaining more than 1%, it was one of the best session of the month. There was some M&A activity along with report that Chinese government
 US markets declined further on Friday, making it the worst week for the markets in 2012, as the most awaited Facebook (FB) IPO was only able to muster a slight gain in its public debut, while the eurozone
 Thursday proved another bad day for the US markets with major indices losing over one to two percent as eurozone debt contagion worries continued, coupled with disappointing economy news. A read on manufacturing
|
|
|