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.
Prime Minister Narendra Modi unveiled a 30-ft bronze statue of legendary freedom fighter Alluri Sitarama Raju on his 125th birth anniversary. Raju is believed to have been born in present-day Andhra Pradesh in 1897 or 1898. He is said to have become a sanyasi at the age of 18.
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