| BJP on mkt crash: Allow panic to settle down |
| BS Reporter / New Delhi January 22, 2008 |
| On Day 2 of the stock market meltdown, BJP has decided to take a measured approach to the crisis with no demand for the resignation of Finance Minister P Chidambaram. Instead, party president Rajnath Singh has asked party workers to wait at least for a week and "allow the panic to die down." Former MP Kirit Somaiyya, who had taken a tough stance on Monday after the markets fell significantly, seems to be alone in taking such a stand. Party spokesperson Ravi Shankar Prasad was more restrained. "We are concerned about small investors, and feel that the regulatory bodies should step in to protect their interests," he said. Sources confirmed that Singh has sent the message down the line that the party should not, through inflammatory statements, contribute to more panic in the markets. After a meeting of the BJP |
