...While Assocham fully shared the concerns of the government and thought that some of the measures taken by the RBI and the finance ministry had become imperative, it underscored the need for a lasting solution, which would come in the form of finding new avenues of saving and investment. It found that the newly-announced inflation indexed bonds would not fit the bill, since the instruments have a long maturity period, while the secondary bond market in the country has not developed for the retail investors............
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