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Today, the need of the hour is capital formation, which could result in higher industrial growth. It is impossible to grow at a desired pace in the conditions where the business as well as stock market sentiments are at the lowest ebb. Hence, it is expected of the finance minister to set the debate at rest, by dropping the proposed amendment without trying either to find any rationale or to salvage any personal ego or pride. This would certainly go a long way in providing much needed comfort to the industry and to improve sentiments in general.

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First Published: Sep 02 1996 | 12:00 AM IST

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