India should focus on attracting more foreign capital: ERIC co-founder Russell Napier
Russell Napier, the co-founder of ERIC, believes that the Indian government's Budget 2023 should focus on attracting more foreign capital into the country. Despite concerns that the Indian equity markets may be overvalued, Napier argues that the bond market could be quite attractive for foreign investors.
PM Gati Shakti allocation to states may be doubled to Rs 10000 cr
Allocations for states under the PM Gati Shakti - National Master Plan for Multi-modal Connectivity initiative, are likely to be doubled in this year's Union Budget 2023. Budget allocations for schemes may rise from Rs 5,000 crore to Rs 10,000 crore after requests from states to the Ministry of Finance, sources said.