STOCK MARKET BSE NSE

CPI Opposes FDI in Stock Market

HYDERABAD: The Communist Party of India has opposed foreign direct investment in the country\'s stock market and expressed serious concern over \'multilevel marketing loot\'. The par

Published: 06th January 2012 02:57 AM  |   Last Updated: 16th May 2012 06:09 PM   |  A+A-

HYDERABAD: The Communist Party of India has opposed foreign direct investment in the country's stock market and expressed serious concern over 'multilevel marketing loot'.

The party's National Council, on the second day adopted a resolution strongly opposing the Centre's scheme to enable individual foreign investors from over 80 countries to access the Indian stock market. The scheme was aimed at further opening up the stock market to the vagaries of foreign investments, it alleged.

"Under the scheme, any foreign individual investor can invest in the stock market upto $10 billion (`50,000 crore). It is not in our country's interest to liberalise investment in the stock market. The scheme should be abandoned," it demanded.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp