New Delhi, Oct 19 (UNI) Alleging that there was a lack of coordination among several governmental wings responsible for the functioning of the stock market, the BJP today asked the Government to spell out measures it had taken to protect the small investors.
BJP spokesman Ravishankar Prasad said that there were reports that no meeting of the High Level Coordination Committee consisting of the members of the Finance Ministry, Reserve Bank of India and Stock Exchange Regulatory Board had taken place in the last three months.
There was a report to phase out Participatory Notes to ease out unscrupulous and tainted investments in 2002-03 but the UPA government had kept it on the backburner resulting in the present stock market crisis. Government should explain the steps it had taken to protect small investors. ''We believe that the UPA is not at all serious to save these investors,'' he alleged.