FDI for Aprial-Dec at $ 12.7 billion, FII at $ 18 billion

New Delhi, Feb 29 (UNI) The saving rate and investment rate by the end of 2007-08 is estimated to be 35.6 per cent and 36.3 per cent respectively. While the foreign direct investment during the period April-December 2007-08, foreign direct investment amounted to 12.7 billion dollars and foreign institutional investment at 18 billion dollars said Finance Minister P Chidambaram in the General Budget 2008-09.

He said the Government policy is to encourage all sources of investment, domestic and foreign, private and public.

The Government also proposes to provide Rs. 16,436 crore as equity support and Rs. 3,003 crore as loans to Central Public Sector Enterprises (CPSEs).

As of now 44 CPSEs are listed. It is the policy of the Government to list more CPSEs in order to unlock their true value and improve corporate governance Mr Chidambaran said.

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