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This is an archive article published on October 22, 2008

Marxists tracking Sensex makes FM happy

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

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The CPIM, 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.

8220;I am glad you are looking at the stock market. There is a substantial CPIM investment in the stock market,8221; 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.

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

8220;You made Rs 1.9 crore,8221; Chidambaram said adding, he was happy for that.

When Sitaram Yechury asked Chidambaram to give the 8220;devil Left its due8221; for saving the country from the global financial turmoil, the Finance Minister said the Congress-led UPA government had neither embraced capitalism nor communism.

8220;We have never embraced capitalism nor communism.

Congress party and the UPA have a particular philosophy which would be in tune with changing times,8221; he said.

 

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