Meltdown: BJP asks PM for drastic action instead of statements

New Delhi, Jan 22 (UNI) Expressing concern at volatility in the Stock Market Index, the BJP today said the Government should do something more than mere issuing statements.

BJP leader Sushma Swaraj said investors would not get back their money by the statements of Prime Minister Manmohan Singh or Finance Minister P Chidambaram reassuring the citizens about the economy's strong fundamentals. There should be something more drastic than doling out statements, she added.

Meanwhile, the BJP Investor Cell, in a statement, claimed the investors had lost over Rs 20 lakh crore in the stock market crash from 21,000 to 15,000 points in mere seven trading sessions.

The meltdown had led to closure of terminals of brokers and small investors were compelled to sell their shares in panic.

The market had totally gone into the hands of FIIs of the Foreign Capital mafias who had invested around Rs 3.6 lakh crores through P Notes.

The Government had failed to wake up even after the BJP raised an alarm, Investor Cell Convenor Arun Singh said.

UNI MCN MS ND1830