A large part of this fund would be raised through public offers made to retail customers, he said.
Chidambaram was winding up a discussion on the first batch of supplementary demands for grants in the Lok Sabha.
Subhash Chandra Garg, the former finance secretary who was shunted out of the finance ministry within three weeks of Modi-2.0 government's first budget last year, on Saturday alleged that new Finance Minister Nirmala Sitharaman got him transferred out.
Tax sops unlikely for the sector in coming Budget.
Budget has already bombed at the box office and passing it without a revisit will be a mockery of the exercise though any modification may be short lived and perfunctory, observes V Ranganathan.
However, he maintains, that even global factors too are responsible.
On the telecom sector, he demanded auctioning of more spectrum.
Chidambaram also asks these not to rush for bulk deposits to bloat balance sheets.
Chidambaram said that government will work out a strategy to assist industry segments reeling under the impact of economic slowdown.
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