ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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mobilisation through the capital market appears enormous. At present hardly six per cent of the community's savings are mobilised by the capital market. Few will question the need for strengthening the institutional framework for popularising and strengthening the cult of equity. But there can be no getting away from the fact that the crisis of confidence about which so much has been said over the past few months reflects in no small measure the crisis of corporate performance. The smooth and efficient functioning of the stock exchange is important but far more crucial is the efficient management of funds by companies which holds the real key to investors' confidence.

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