Finance Minister highlights DII contribution to Indian markets despite covid situation; launches NETRA portal

The participation of domestic investors has become of one the key factors in the Indian markets’ sustained levels. Finance Minister Nirmala Sitharaman highlighted the contribution of retail investors on Wednesday during a launch of the NETRA portal. 

According to Sitharaman, the domestic investors continued to invest in the Indian markets despite the stiff covid situation, and the confidence of investors has increased in the companies listed on the exchanges mainly due to better governance and policies. 

Speaking about domestic investors Sitharaman said, “Retail investors in India have come in a big way that they now seem to act as shock absorbers. If FPIs and FIIs went away, Indian markets didn't show ups and downs distinctively because small investors have come in a big way in the country.” 

The finance minister also acknowledged the importance of the Professional Institutes as well as other organisations under the Ministry. 

Under ELCGS (Emergency Credit Line Guarantee Scheme) around Rs 3.19 lakh crore loans have been approved as of March 31, 2022, the finance minister also said.  

The finance minister also said, “The Ministry of Corporate Affairs (MCA) is uniquely placed as it is facilitating people while regulating. It has impacted the lives of common Indians, be in their small businesses, or part of a larger business or even small investors.” 

“MCA kept itself on its toes while facing challenges due to COVID-19 and came up with different quick-footed steps that even during the lockdown, people could go about their normal businesses without having to worry about compliances,” Sitharaman added. 

Sitharaman launched NETRA (New e-Tracking and Remote Administration)’ Portal and Mobile Application for Indian Development and Economic Assistance Scheme (IDEAS). The portal was launched while inaugurating Iconic Week of Ministry of Corporate Affairs (MCA) during Azadi Ka Amrit Mahotsav celebrations.