P. Chidambaram seeks all-party support to resolve issues facing economy

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P Chidambaram sought cooperation from all political parties and urged them to adopta bi-partisan approach. Reuters P Chidambaram sought cooperation from all political parties and urged them to adopta bi-partisan approach. Reuters
SummaryP. Chidambaram sought cooperation from all political parties and urged them to adopta bi-partisan approach...

of the Indian Financial Code in place in 2014," he said.

He added that if the Congress retains power after the forthcoming polls, then the FSLRC suggestions will be implemented by the end of 2014.

"On behalf of my party I can assure the financial community that if we find the place in the government, we will complete major legislative actions to put in place an Indian Financial Code by the end of calendar 2014," he said.

To celebrate 50 years of UTI, the minister dedicated 101 new UTI financial centres to serve the investors, post which UTI will have 251 financial centres across the country.

UTI AMC managing director Leo Puri said, "On this golden jubilee year, the thrust of UTI will be to devise appropriate strategies that will improve all aspects of its functioning. UTI will work with a genuine concern to create a favourable environment that will benefit investors, intermediaries and the industry."

Addressing the session, Sebi chairman and the ex-UTI boss U K Sinha said, there is a need to revisit the ownership of UTI.

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