The control on Participatory Notes was brought about with a supreme reason - to regulate the inflow of foreign funds, as the recent rise of the Sensex was not healthy ! The FM explained that there has to be regulations !
The rise of forex reserves to $ 256 billion was also not healthy either. The rupee rose against the dollar !
There will be control on Venture Capital as well, discouraging them to invest in less risky, safe areas like Real Estate !
There will be regulations and controls. The FM maintains that these are for the health of the stock market !
So there is nothing to panic about. The corrections which the Indian stock Market is undergoing is healthy, at least from the perspective of the Indian Finance Minister !
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