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Digital payments soar manifold in 5 years to FY20: RBI
FPIs turn positive on Indian markets, invest Rs 1,086 cr so far in October
According to the depositories data, overseas investors pumped in a net Rs 5,245 crore into equities and withdrew Rs 4,159 crore from the debt market during October 1-9.
This translated into a total net inflow of Rs 1,086 crore.
In September, FPIs were net sellers at Rs 3,419 crore.
“Better than expected Q2 (earnings) performance, rising GST collection and a general opening up of the economy are helping India in becoming an attractive investment destination,” Harsh Jain, co-founder and COO at Groww, said.
PM Modi launches property-card scheme to aid rural households
The government plans to use drone technology to map land parcels in rural areas and cover some 620,000 villages over the next four years, Modi said.
“Despite owning houses, people were facing multiple problems while borrowing from banks. These people can now borrow very easily from banks after showing property cards issued under ownership scheme,” Prime Minister Narendra Modi said.
India reports 73,272 new coronavirus cases, 926 fresh fatalities
For the second day in a row, the number of active COVID-19 cases remained below 9 lakh.
There are 8,83,185 active cases of coronavirus infection in the country which make 12.65 per cent of the total caseload, the data stated.
The COVID-19 case fatality rate was recorded at 1.54 per cent.
According to the Indian Council of Medical Research (ICMR), a cumulative 8,57,98,698 samples have been tested up to October 9. As many as 11,64,018 samples were tested on Friday.
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