SME Times News Bureau | 07 Aug, 2012
Finance Minister P. Chidambaram Monday said that the government will
announce a number of decisions in the next few weeks to boost the mutual
fund industry and the insurance sector.
"Both the mutual funds
industry and insurance sectors have turned sluggish. In the next few
weeks, we will announce a number of decision to attract more people to
invest in mutual funds, insurance policies and other well-designed
instruments," Chidambaram said at a media briefing.
He said the government will also work towards removing supply side bottlenecks in the manufacturing and export sector.
"Manufacturing
and exports are two key drivers of the economy. Both have registered
low or negative growth in recent months. It is imperative that we
reverse this trend.
"Supply side constraints on the side of
manufacturing and exports must be removed in double quick time. We
intend to work with manufacturers and exporters to implement short and
medium term measures," Chidambaram said.
The finance minister
said that the implementation of large infrastructure and other projects
with an investment of Rs.1,000 crore or more will be monitored closely
under by the cabinet committee of economic affairs (CCEA).
