A couple of months ago, I was searching online for mobile phones. What followed after a voluminous search was the barrage of emails of buy now, pay later (hereinafter referred to as “BNPL”) schemes. With 0% interest, flexible EMI options and little documentation looked very promising.
Recently, the Chief Justice of India (CJI) was appalled with the elections that took place in Chandigarh and labelled it as the “murder of democracy”. His further remarks were “that the greatest stabilizing force in the country is the purity of electoral process”.
Foreign Portfolio Investors (FPIs) are entities outside India investing in Indian financial securities like bonds, derivatives, and stocks. FPIs bring in fresh capital which can boost liquidity and facilitate smoother buying and selling of securities.