Hello lovely people..
Today you can read about the current topic of change in the FDI policy of INDIA in detail..
So let's begin..
FACTS:
1.People's Bank of China is the central bank of Peoples Republic of China. It is the largest financial asset holding bank when compared to all over the world.Its headquarters is in Beijing, China.
2. HDFC (Housing Development Finance Corporation) Bank is India's largest Private sector lender by assets. It's headquarters is in Mumbai,Maharashtra India. it was founded in 1994 by its current CEO Aditya Puri.
EVENT-1
Due to Covid-19 there has been a great slump in the stock market indices due to which Indian economy is facing a hard time. People's Bank of China bought 1.75 crore shares i.e. 1.01% stake in HDFC bank during January-March.
EVENT-2
GoI tweaked(to change slightly in order to improve it) in para 3 of the FDI policy to let the neighboring (countries sharing land border with India) countries invest in India only after taking due permission from the Indian government.Barring China no other country has the ability to make large investments now. Not just India but other countries like Germany, Italy and Australia are also changing their FDI policy so as to safeguard their industries from the Covid-19 impact. As of recent development the China government has disapproved the policy saying it to be against the WTO norms.
OPINION:
A stitch in time saves nine. The timely government intervention is an commendable(appreciable) step. Even the opposition is in consensus(common agreement) with the party in power which shows our Unity, strength and indomitable will power to fight the crisis together. Had the decision not been taken China would have bought more number of shares in coming future which would have led to China having an influencing power in the Indian economy and the stock market.
WELL DONE INDIAN GOVERNMENT..
Today you can read about the current topic of change in the FDI policy of INDIA in detail..
So let's begin..
FACTS:
1.People's Bank of China is the central bank of Peoples Republic of China. It is the largest financial asset holding bank when compared to all over the world.Its headquarters is in Beijing, China.
2. HDFC (Housing Development Finance Corporation) Bank is India's largest Private sector lender by assets. It's headquarters is in Mumbai,Maharashtra India. it was founded in 1994 by its current CEO Aditya Puri.
EVENT-1
Due to Covid-19 there has been a great slump in the stock market indices due to which Indian economy is facing a hard time. People's Bank of China bought 1.75 crore shares i.e. 1.01% stake in HDFC bank during January-March.
EVENT-2
GoI tweaked(to change slightly in order to improve it) in para 3 of the FDI policy to let the neighboring (countries sharing land border with India) countries invest in India only after taking due permission from the Indian government.Barring China no other country has the ability to make large investments now. Not just India but other countries like Germany, Italy and Australia are also changing their FDI policy so as to safeguard their industries from the Covid-19 impact. As of recent development the China government has disapproved the policy saying it to be against the WTO norms.
OPINION:
A stitch in time saves nine. The timely government intervention is an commendable(appreciable) step. Even the opposition is in consensus(common agreement) with the party in power which shows our Unity, strength and indomitable will power to fight the crisis together. Had the decision not been taken China would have bought more number of shares in coming future which would have led to China having an influencing power in the Indian economy and the stock market.
WELL DONE INDIAN GOVERNMENT..
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