PRANAB-GROWTH 3 LST

"While too tight a regulation may lead to a lack of
development in financial products, a very lax regulatory
structure may encourage financial misdemeanour," he said.
The Indian Finance Minister added that market regulation
was no longer viewed as an irrerelevant intrusion, but
considered necessary to help achieve development goals.
As India gets more integrated into the global economy,
stronger disclosure standards in keeping with international
best practices are needed, besides building stronger
supervisory frameworks to provide incentive for more
responsbile corporate conduct, Mukherjee said. PTI UD
SAK


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