Attributing the recent crash in stock market to global factors, Finance Minister Arun Jaitley today said there was no need for “exaggerated panic” and investors should keep the economy’s inherent strength in mind while investing.
The Finance Minister said the government will continue to pursue policies to support growth amid global slowdown.
The benchmark BSE Sensex, which crashed by massive 807.7 points yesterday on global cues, was trading up around 100 points in the pre-close session today.
The minister said major sell-off in global markets created a chain reaction impacting the markets world over including in India.
Also amid mounting NPAs of public sector banks, Finance Minister Arun Jaitley today said the government is considering more steps to empower banks to recover bad loans and the problem will be contained soon.
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