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legislation BL Wednesday, 6 May 2026 NEW

Actual ODI outflow jumps 84% in two years

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Legislative action — a bill, act, or amendment that creates or modifies the legal framework. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.

Summary

Singapore leads as top destination with outflows of over $7.6 billion, followed by the US with over $4 billion

Key Facts

Type Legislation
Source BusinessLine - Economy
Published Wednesday, 6 May 2026
Affected Population ~850 million internet users, 75,000+ startups

Key Numbers

Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
PM-JAY: 55 crore beneficiaries

Key Authorities

Ministry of Electronics & ITTRAICERT-InMinistry of Social Justice & EmpowermentNITI Aayog

Key Stakeholders

Internet UsersTech CompaniesStartupsBPL FamiliesSenior CitizensPersons with Disabilities

Government Context

NDA III BJP-led NDA
Centre-Right
Left Centre Right

Amendment History

2 changes recorded for this policy.

Description Wednesday, 6 May 2026 via business_line
Singapore leads as top destination with outflows of over $7.6 billion, followed by the US with over $4 billion; financial services sector accounts for nearly half of total overseas investments
Singapore leads as top destination with outflows of over $7.6 billion, followed by the US with over $4 billion
Sectors Wednesday, 6 May 2026 via business_line
Digital & Technology, Finance & Economy, Social Protection
Digital & Technology, Social Protection

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