It's the highest-ever in rupee terms; three-fourths of flows have come since November
Here's a selection of Business Standard opinion pieces for the day
The regulator has also quadrupled the quantum of investment that individual fund houses can make in overseas exchange traded funds to $200 million from $50 million at present
20 top funds, India Inc brass to attend roundtable
State grabs 16% of funds coming into India during the period, or about Rs 20,000 cr
While overall FII sentiment has been positive, thanks to the low interest rate regime, analysts say India has managed to bag more than its fair share of overseas flows du to record capital raising
At least half a dozen foreign investors are said to be in talks with the government for this mechanism
Surplus in April-June 2020 (Q1Fy21) comes on top of a surplus of $0.6 billion (0.1 per cent of GDP) in the preceding quarter (Q4 Fy20), says RBI.
In recent weeks, several international companies have pledged $20 billion FDI in India, and a whopping $40 billion this year so far
Old favourites Singapore and Mauritius slowly giving way to funds from Cayman Islands and British Virgin Islands, whose flows into into the country have grown 267% and 469%, respectively
The sources said the proposal had already been discussed by the DEA and Sebi and is awaiting feedback from the Prime Minister's Office (PMO).
The restriction would be applicable from the date of notification by the Government of India
The sector had received FDI worth $628.24 million in 2018-19
What we need is a map - an economic blueprint - that will address the need for domestic growth and put in place measures that will make India attractive for foreign investment.
Admits labour migration posing a challenge to industrial revival; no special approval needed to start operations for new MSME units for next 3 years
Industry wants cash in the hands of the poor, more policy reform in sectors such as tourism, automotives and aviation
In Europe, over 30 million people in Germany, France, the UK, Spain, and Italy have applied for state support, while first quarter 2020 data indicates that the eurozone economy contracted by 3.8%
Modi held a meeting with Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Commerce & Industry Minister Piyush Goyal and officials to discuss strategies to woo investors
Recent decisions in the wake of Covid-19 have hurt India's FDI policy
Bharti Airtel infused $978.92 million in a wholly-owned subsidiary in Mauritius, Tata Steel invested $162.19 million in a subsidiary in Singapore