In discussing the Demands for Grants of the Finance Ministry we have got to see to what extent the administration of this particular Ministry has led to the development of our national wealth and the securing of the welfare which our State claims to have in view. Madam we must try to analyse very carefully the working of this particular Ministry because it is not merely a department of the Government so to say but it is the nerve-centre of the administration of the country. I would like first to refer to the role of foreign capital because in determining the manner in which the permission of capital issues has been granted by the particular administration we should keep in our mind to what extent the interests of our nation have been served. I fully endorse the statement which the previous speaker has made so far as repatriation of the investments made by foreigners and of profits are concerned. We have dealt with this topic quite a number of times and I do not want to reiterate anything apart from only supporting what the hon. Member who just now spoke said. I would now like to deal with the investments of foreigners in India. Madam the Government of our country accepted the proposition that in allowing foreign investment it should come in only in such industry and such form of production wherein our national investors will not come forward and in which technical skill is wanted. There is also one other factor which the industrial policy of our Government of 1948 as adumbrated further in 1949 by the Prime Minister laid down. It specifically said that the control and ownership of such concerns should as far as possible be in the hands of Indian nationals and the technical know-how of our country should be developed. I would like to emphasise the figures that have been put forward for the last few years. From 1997 till the end of 2012 or the early part of 2012 it has been reported that Rs. 19000 crores of foreign capital have been allowed to be invested in our country. Of that practically more than Rs. 6000 crores have been allowed to be invested in managing agency and trading enterprises in our country. So far as the Government policy is concerned we find that a sum of Rs. 4 crores has been allowed to be invested this year. We do not know how it is to be used up. We have been told that during the period 2008-13 nearly Rs. 35 crores have been allowed to be invested in textile machinery and generally in the textile industry. We have seen to what extent cotton and jute have been dominated by the national capital and to what extent they play the role as against the demand for them. We know further what the Government is doing in regard to these industries and how the Indian counterpart in these industries are behaving. The why this further penetration of foreign capital? Even in regard to the expansion scheme we find that paints soaps electric fans and machine tools are some of the industries where the Government has allowed foreign interest to establish or expand their factories. It will adversely compete with the production of the country when the indigenous producers do not find any market in this sphere. Therefore we have got to see to what extent the capital issue has been regulated by this Government and particularly by the Finance Department so that the national well-being of the country could be guaranteed. Then we have got to look into the fact as to how far the new industries are allowed to function. So far as the oil refineries are concerned some of them have been established and some more are going to be established very soon. In the control of the administration the Indians have no share. There are only preference shareholders and they have no voice in the management. So far as the administrative aspect in this industry is concerned the most important part of it is the technical know-how. They do not guarantee that they will train the Indians. That means they say even after 20 years we will have to face the problem of the know-how in respect of the oil refineries. I do not know why the Government are showing softness to foreigners in this matter. Then we have another investment in collaboration with the Indian Chemical Industries for the manufacture of civil explosives. Here as far as I have gathered only 20 per cent is going to be Indian capital. The majority of the shares will remain with the Indian Chemical Industries. Nobody else has been allowed to make any investment. It would have been better if other companies and private individuals had been given an opportunity to purchase the shares. Submit