The Union Minister
of Finance and Company Affairs, Shri Jaswant Singh has said that
the Government is committed to promoting better investor awareness
and bringing about greater investor confidence in the capital
market. In his key note address at the inauguration of _Securities
Market Awareness Campaign_ to be launched by SEBI today, he said,
the investor is a key player in the system and needs to be aware
of his rights and obligations, duties of the brokers and mechanism
of the market. The Minister said that the Campaign is a pioneering
effort in addressing the issues that cause investor concern.
Shri Jaswant Singh
said that the revival of capital market is integral to the economic
liberalisation and a vibrant capital market is an alternative
source of fund for crucial sectors of the economy. Adoption of
new technology with automated trading leading to increased transparency
and lower transaction costs has provided a fillip to the capital
market. Risk containment measures such as setting up of clearing
corporations and strict margin requirements have further enhanced
the safety of the market, he added. The Minister said that the
stronger regulator and enhanced provisions for punishment would
deter potential offenders and bolster the confidence of investors.
