About 1.2 million new accounts were opened with the Central Depository Services (India) Ltd. in March and April, up from a combined 900,000 in January and February.
Equities bucked the selloff in Asia as trade tensions that roiled stocks globally eased somewhat following Donald Trump stating that China asked to re-start trade talks.
Efforts to tax the super-rich have not been successful as Indian stocks saw $250 billion being erased since July, the month the Budget announcement was made.
A higher surcharge on wealthy Indians in the Budget has alarmed overseas investors since it also applies to trusts – a choice for several foreign funds that invest in India.
Israel's response to Iran's retaliatory attack was relatively small and also downplayed by Tehran. But there are factors that could jeopardise this perceived reprieve.
The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.
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