Modern monetary theory has provided hope that the current economic problems can be solved if we look at things in a \"new\" light. Blinded by this hope, the fact that this theory is not \"new\" and has failed in the past has remained hidden.

FPIs have been among the largest non-promoter shareholders in Indian stocks for a long time

Share Market Live:Earlier in the day, Sensex gained 1,000 points to breach the historic 40,000 mark for the first time ever. Nifty too crossed the key 12,000 mark and set a new record for the index's new high on the back of early counting in Lok Sabha election indicating PM Narendra Modi was set to storm back to power with a thumping majority.

Other than the business, Deveshwar was about thinking big to make a meaningful impact on matters that were crucial to the environment and the country

In a report on the forecast for global monetary policy actions and resulting economic impact, the London-based global information provider said RBI is likely to tighten its monetary policy stance in early-to-mid 2020

While Sensex fell 35 points to 39,031 with 16 components in the red, Nifty lost 6  points to 11,748.