Marxists tracking Sensex makes FM happy

The minister said he was happy that the Marxists were keenly tracking the Sensex.

The CPI(M), which showed concern over the crash in the stock market, was on Wednesday cornered in the Rajya Sabha by Finance Minister P Chidambaram, who said he was happy that the Marxists were keenly tracking the Sensex.

“I am glad you are looking at the stock market. There is a substantial CPI(M) investment in the stock market,” Chidambaram said replying to the debate on Appropriation Bill.

Chidambaram had a dig at the Left party members when one of them asked him why the stock market was melting if the fundamentals of the economy are strong.

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In a lighter vein, the Finance Minister said he knew the kind of money that the CPI(M) had made from the share market.

“You made Rs 1.9 crore,” Chidambaram said adding, he was happy for that.

When Sitaram Yechury asked Chidambaram to give the “devil (Left) its due” for saving the country from the global financial turmoil, the Finance Minister said the Congress-led UPA government had neither embraced capitalism nor communism.

“We have never embraced capitalism nor communism.

Congress party and the UPA have a particular philosophy which would be in tune with changing times,” he said.

Adani group chief Gautam Adani. The regulator made it clear that none of the charges in the show-cause notice could be proved. It also confirmed there was no violation of the Sebi Act concerning fraudulent or unfair trade practices.

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