The reforms include loosening restrictions on foreign institutional investors' (FPIs') ability to invest in the debt market and raising the automated route's external commercial borrowing (ECB) cap from USD 750 million or its equivalent to USD 1.5 billion.
Lt Governor of Delhi V K Saxena launched an incentive scheme for resident welfare associations to ensure property tax compliance and waste management in the city.
The Rampa or Manyam Rebellion of 1922 continued in the form of a guerrilla war until May 1924, when Raju, the charismatic 'Manyam Veerudu' or Hero of Jungle, was finally captured and executed.
EXAMIANS