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Presenting the budget proposals for 2005-06, the Finance Minister, Shri P. Chidambaram has stated that the Government would provide an equity support of Rs. 14,040 crore and loans of Rs. 3,554 crore to Central Public Sector Enterprises (including Railways). To finance this growth and investment, the Government would, therefore, through a mix of right policies and prudent taxes, promote savings and devise ways and means to channel these savings into productive investment. The capital market, banks, insurance companies, pension funds and superannuation funds would have a crucial role in mobilizing and disbursing the financial resources required to sustain high investment, he added.
SB/MVVS/RKJ/NSR
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