New Delhi: Amid the ongoing economic slowdown in India, the order of foreign investors withdrawing money from the Indian capital market is in progress. Foreign investors have withdrawn Rs 4,193 crore from the Indian market in September. The central government has recently reduced corporate tax by about 10 per cent. The government also stated that for foreign portfolio investors (FPIs), the increased surcharge on capital gains arising from the sale of securities, including derivatives, will not apply.

Customers will get big relief from this order of RBI

ICICI Securities Managing Director and Chief Executive Officer Vijay Chandok said, "The measures taken by the government will accelerate the sluggishness of investment." This will increase the income of companies. By giving some of its benefits to customers, demand will also improve and FPI investment in the country will increase. According to the depository data, foreign portfolio investors netted Rs 5,577.99 crore net from the stock markets between September 3-20 while investing Rs 1,384.81 crore in the bond or debt market.

This act of Pakistani airline will surprise you

Thus, he made a net withdrawal of Rs 4,193.18 crore from the domestic capital market (share and bond market). Earlier, FPIs pulled out Rs 5,920.02 crore from the capital market in August and Rs 2,985.88 crore in July. The government is encouraging industries to invest in the country by giving them all kinds of concessions.

American industry welcomed the announcement of corporate tax reduction