The union finance minister P Chidambaram advised the investors to have faith in Indian financial system. The government would take all measures to deal with global financial crisis. It would infuse more liquidity in the monetary system, if needed. He also said that the investors should not act in haste and be confident for better situation.

He also pointed out the strong financial health of country. The union government, reserve bank and SEBI are in touch with each other to deal with the situation. The government is confident about 7 to 8 percent growth in the current fiscal despite global financial pressure.

The finance minister said that the current global financial crisis is man made and we should learn a lesson from the global financial situation.

The positive statements from finance minister helped Bombay Stock Exchange to jump by 781 points on Monday. The surge in stock market is believed to come due to the infusion of Rs 60,000 crore into the banking system. It is recalled that RBI had recently cut cash reserve ratio (CRR) by 150 basic points.