Published on Wed, Sep 06, 2006 at 09:34 | Source : Moneycontrol.com
Updated at Fri, Sep 08, 2006 at 14:32
Like this story, share it with millions of investors on M3
0
Like this story, share it with millions of investors on M3
Rakesh Jhunjhunwala on markets & P-Notes
The Tarapore Committee has recommended phasing out P-notes in its report on capital account convertibility. But investor and trader, Rakesh Jhunjhunwala says that non-Indians must be allowed to invest in India.
The Tarapore Committee has recommended phasing out P-notes in its report on capital account convertibility. Here's what investor and trader, Rakesh Jhunjhunwala feels about foreign investors, reports CNBC-TV18.
"We should allow non-Indians to invest in India, I have more faith in FIIs than FDI. We need capital," said Rakesh Jhunjhunwala.
Jhunjhunwala added that the government should look at an alternative mechanism for P-notes before stopping them.
"Even if the government decides to do away with P-notes, we have to give time for P-notes to unwind and allow alternative mechanism for investment to people, who want to invest because we need capital," he added.
|
Budget: 2008, 2009, 2010, 2011, 2012 |
Intuit Money Manager |
RBI Credit Policy | Union Budget | Budget 2012
| Economic Survey
| Railway Budget
| Financial Glossary
|
Message Board |
Moneybhai |
Connect.in.com |
Business Yellow Pages |
India's Premiere Technology Guide | History India
| Up Polls | Latest News
| DLF | Organisation for Economic Co-operation and Development | Sun Pharma | BSE Sensex | Reliance Power | State Bank of India | Pranab Mukherjee | Tamil Nadu | CP Joshi | Indian Oil Corporation 
"Even if the government decides to do away with P-notes, we have to give time for P-notes to unwind and allow alternative mechanism for investment to people, who want to invest because we need capital," he added.
