Investments by 28 non-banking
finance companies were 16.5 per cent higher at Rs 7,521 crore
in 2000-01 over the corresponding figure of the previous year.
Of this, debentures & bonds accounted for Rs 3,408 crore,
company shares Rs 2,761 crore and UTI Rs 418 crore.
There is urgent need for more
awareness and investor education with regard to investment in
mutual funds, said UTI chairman M Damodaran. There also needs
to be more disclosure and transparency among the MFs to improve
MF-investors confidence, he added.
There is no need to "revise"
the 12 per cent export growth target set for the current fiscal,
notwithstanding the global slowdown as also the ongoing American
military strikes on Afghanistan following the September 11 tragedies
in the US, commerce and industry minister Murasoli Maran said
on Wednesday.
