Financial Daily from THE HINDU group of publications
Friday, Aug 16, 2002

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Opinion - Letters

Market blues

The editorial, `Market waits for a trigger' (Business Line, August 12) has pointed out that in spite of the new Finance Minister, Mr Jaswant Singh announcing some investor-friendly measures, the market did not fire.

Perhaps, the main reason may be the bad experience investors had previously. And many accounting frauds had added to the fear.

But interest rates being low, there are not many alternative investment options. So, there is a need to create investor confidence and educate them.

In fact, greed and speculations are the two main destructive forces.

Could PSU disinvestments, abolishing dividend tax altogether, reverting to the old badla system after rectifying the flaws in it, trigger the market as some economists suggest?

A. Jacob Sahayam


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