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FPIs Invest Rs 6,554 Crore In Indian Capital Markets In February
On a positive note, the data, however, showed that FPIs have been net buyers in the Indian markets since September 2019. Like other global markets, the Indian markets too came in the line of fire by the coronavirus scare. FPIs have been wary of investing in markets which rely on tourism as the spread of virus can adversely impact their prospects and economic growth.
Punjab to reduce govt employees retirement age to 58 yrs
“The retirement age of government employees has been reduced from 60 to 58 years. With this, we will be able to provide employment to three to four times the number of people who retire. We will also be able to get more talented pool of young people to serve Punjab, Badal said while addressing media later.
Coronavirus spread puts densely populated India on high alert
Apart from its sheer size, India is cause for particular worry because of the density of its population: 420 people live on each square kilometer (about 0.4 of a square mile), compared with 148 per square kilometer in China. Places like Mumbai’s Dharavi slum, or even a typical Indian household containing extended families, can facilitate contact with virus-bearing droplets emitted by breathing, talking, coughing or sneezing.
Sensex nosedives 1,448 pts,Investors lose Rs 5.50lakh crore
Even as the Indian shares sank on Friday for a sixth straight session, capping their worst week in more than a decade, over fears that the fast-spreading coronavirus outbreak could trigger a global recession.the country’s gross domestic product (GDP) growth in the October-December quarter of 2019 (Q3 of FY20) stood at 4.7 per cent, showed official data released by the Central Statistics Office (CSO) on Friday.
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