Indians favour govt-aid for failing banks: Survey

A majority of Indians are in support of government aid for failing banks and industries.

In the backof many developed nations throwing lifelines to financial institutions in fighting the financial crisis,a majority of Indians too are in support of government aid for failing banks and industries.

A global survey conducted for broadcasting major BBC World Service has found that as many as 64 per cent Indians surveyed favour failing banks getting help from the government.

“The majority favours government assistance for failing banks (64 per cent) and industries (61 per cent),” the report said.

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Rattled by one of the worst economic turmoils in decades,many developed nations especially the US and the UK unveiled unprecedented measures to rescue many financial entities from going bust.

Meanwhile,the survey of 22,158 citizens spread across 20 countries showed that 59 per cent of Indians believe that the government should significantly increase its stimulus spending.

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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