BREAKING: 🇮🇳 Over ₹6.064 trillion ($63.2 BILLION) has been wiped out from Indian stocks as the NIFTY falls -1.6%.
The crash was triggered by new proposed caps on insurance sales commissions, causing a sharp sell off in financial and insurance stocks.
"Real GDP growth is 2.6%, not 7.8%. The government is good at revising the base-year data so that it can project GDP growth as high as 7.8%."
— Subash Chandra, Ex Finance Secretary
Tanu em paaducheskoledhu.
Kontha mandhi vaalla kanna ekkuva pakkanavaallani preminchesthaaru, alaane savitramma kooda. She was kind but sadly it didn’t work for her because of the surroundings she was in.