Foreign investors sold Rs 27,142 crore worth of Indian shares in the first three days of October, influenced by geopolitical tensions, rising oil prices, and the strong performance of Chinese stock markets. This follows a high FPI investment in September. Analysts suggest that long-term domestic investors might find opportunities in undervalued banking stocks.
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Amid security concerns during Durga Puja, 40 prominent Bangladeshi citizens urge the government to safeguard Hindu festivities and take legal actions against communal agitators. The military has prepared, and local administrations have guidelines in place. Due to safety uncertainties, the main Buddhist festival in Chittagong Hill Tracts is canceled.
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Congress president Mallikarjun Kharge criticized PM Modi’s economic policies as a ‘curse’ and accused him of failing the economy. He highlighted a sharp rise in household debt, now at an all-time high of 40% of GDP, and a significant decline in household savings.
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Tragic incidents in Bihar saw eleven youths, including seven from one family, drown while bathing in Rohtas’ Sone River and Katihar’s floodwaters. In Rohtas, seven children, among them four siblings, lost their lives despite warnings of rising water levels. In Katihar, four youths drowned in floodwaters when their cries went unheard.
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A firm linked to a BJD functionary has been fined Rs 24.2 crore for excess mining at the Kasia hills stone quarry in Odisha’s Nayagarh district and must pay by Oct 20. The firm contests these allegations, claiming lack of detailed information from authorities.
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