Freedom increases the Market flow: FinMin

Freedom increases the Market flow: FinMin

By agencies   |   Monday, 24 April 2006, 07:00 Hrs
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HYDERABAD:Finance Minister P Chidambaram today emphasised on the need for providing greater freedom for market forces so that more investment could be attracted in the country.

Chidambaram at a conference organized by Satyam computers Ltd said, “ Capital flows is decided by the opportunity for profit making. We need to create such opportunity to facilitate greater capital flow in the country.”

Giving an example of three recent infrastructure projects in Gujarat, Chidambaram said there had been a shift from seeking securities/viability gap funding for public and private partnership (PPP) projects to paying sums to the government. "We are now entering a phase of negative grants," he added.

Later, responding to queries, Chidambaram said constitutionally created institutions like legislatures and parliament would work more efficiently if every citizen in India casts his vote properly and without fail.

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