Besides the rejig of shareholding norms, the government's proposal to hike income tax surcharge on high net-worth individuals (HNIs) dented the market sentiment
She said a number of steps would be taken in consultation with the RBI and Sebi to deepen the corporate bond market
Prior to this, FPIs infused a net amount of Rs 16,093 crore in April, Rs 45,981 crore in March and Rs 11,182 crore in February in the capital markets (both equity and debt)
So far in 2019, India has been one of the highest recipients of foreign flows among Asian and Emerging Market (EM) economies
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FPIs pulled out over Rs 210 billion from capital markets (both equity and debt) in September. Before that, they had put in Rs 7,500 crore in July and August.
Financial stocks were among major losers, while information technology shares gained thanks to a weak rupee
Garg asserted that the market regulator had extended the deadline of the circular last month until December
The regulator has deferred the compliance date to December 31
Custodians report the holdings of FPIs/investor groups to depositories who monitor the investment limits
Mauritius is in the list; moreover, no NRI can own more than 25 per cent in an FPI
Full-year corporate results, which will start trickling in over the next fortnight, would influence investment patterns
In the coming days, analysts are predicting a rough ride for EMs on account of multiple factors
Overseas funds have been spooked by several policy measures taken by the government in the past few years
Sebi has placed restrictions on employees travelling abroad
Experts say the share of Mauritius and Singapore could fall further, as FPIs explore other destinations for better tax sops
The Nifty Private Bank index has rallied 150% in the past five years compared to 78% returns given by the Nifty amid a steady increase in FPI ownership
The regulator will review the norms for CRA on the basis of public comments
India gained 30 places in the World Bank's ease of doing business index to 100th among 190 nations this year
The primary market has seen its highest issuance ever, at $20 billion till October