FROM 50 YEARS AGO figures of new floatations which had de-adapted to the conditions prevailing in India clined during 1955 as compared to 1954. He today”. The idea was to ensure that the new referred pointedly to the depressing effect of entrepreneurs could obtain a fair proportion the Act on medium and small scale compa-of the community’s savings to provide them nies and stressed the need for establishing with risk capital. He hoped that within a new issue houses and investment trusts as year or so something might be done in the well as for underwriting, to help stimulate matter.
Vol VIII, No 33, August 18, 1956 new floatations, which had gone down so This should be a fresh provocation for the perilously. economists and statisticians engaged by the
Finance for the
Shri D L Mazumdar sprang a pleasant various chambers of commerce to undertakePrivate Sector surprise on the Chamber by announcing that a fresh exploration of the problem of estimat(Weekly Notes) not only was the Government already seized ing aggregate savings and of their possible
of the problem but that it accepted the distribution between the two sectors. It is a
The Company Law Administrator has been responsibility in principle of helping pri-widely held belief in the market circles thatdoing a sizeable public relations job in Calcutta. vate enterprise to obtain adequate finance. there is no dearth of funds for investment. When he met the Bharat Chamber of Com-“The Reserve Bank”, he said, to quote a What is lacking is adequate incentive to makemerce, he was confronted with a formidable newspaper report, “was studying the these funds to flow into the desired investment list of difficulties which the companies were organisation and working of the New Issue channels. There would be no harm however, experiencing in adjusting themselves to the Market in post-war Western Germany, in having a fresh probe at the expert level.new Act. The President of the Chamber sought Japan, and other countries in order to find It is a challenge to private enterprise whichto bring the point home by quoting the out which of the institutions could be should be met.
Economic and Political Weekly August 19, 2006
