Investment Through P-Notes Increased In Indian Stock Market
Investment through P-Notes increased in the Indian stock market, by the end of July, investment of Rs 1.2 lakh crore.
The effect of the continued boom in the country’s stock market is also being seen in P-note investment. P-note investments have seen an increase for the fourth consecutive month.
Investment under this in the Indian capital market had increased to Rs 1.2 lakh crore by the end of July. Which is also the highest level of investment in it during the last 4 months.
P-notes are issued by Registered Foreign Portfolio Investors (FPIs) to foreign investors who wish to directly participate in the Indian stock market without registering themselves.
However, for this, they have to go through a proper review process.
According to market regulator body SEBI, the investment value of P-notes (inclusive of equity, debt, and hybrid securities) in the Indian market had risen to Rs 1,01,798 crore at the end of July.
Whereas till June 30, 2021, this figure was Rs 92,261 crore.
If we talk earlier, P-note investments reached Rs 89,743 crore at the end of May, Rs 88,447 crore at the end of April, and Rs 89,100 crore at the end of March 31, 2021.
A total of Rs 1,01,798 crore was invested through P-notes in the month of July, of which Rs 93,150 crore was invested in equity, Rs 8,290 crore in debt, and Rs 358 crore in hybrid securities.
This level of investment through P-notes in July 2021 is the highest since March 2018. During this period, the flow of some investment money through it was Rs 1,06,403 crore.
According to experts, this trend reflects the growing confidence of foreign investors in the domestic markets.
The total assets under FPIs had increased to Rs 48.36 lakh crore at the end of July following the increasing inflow of foreign funds from Rs 48 lakh crore at the end of June.
Supreme Court showed strictness on the matter of revenue loss, ordered to form a committee.
On the matter of revenue loss, the Supreme Court has observed that “As a citizen of the judges is also concerned about the loss of revenue”.
“The Central Government should expedite the process of filing appeals in matters relating to direct and indirect taxation.”
To complete this task, the Supreme Court has asked the government to issue a notification to set up a committee.
Through which the entire process will be monitored with technical intervention and software will be developed to monitor the matter.
On this matter, it was said by the Center that the National Informatics Center (NIC) is collaborating to integrate the LIMBS with the e-office system so that the cases can be monitored in real-time.
A bench of Justices DY Chandrachud and MR Shah, appearing for Solicitor General Tushar Mehta, was assured that a committee would be constituted by next Monday to look into the matter at various stages.
