Chief Minister Siddaramaiah on Thursday said Karnataka stands third in the country by drawing Rs 54,427 crore Foreign Direct Investment (FDI) during 2023-24.

FDI equity inflows in India fell by 3.49% to USD 44.42 billion in 2023-24, yet experienced a 33.4% rise to USD 12.38 billion in January-March FY24 compared to the previous year.

In response to queries, a Paytm spokesperson stated that PPSL had applied for an online Payment Aggregator (PA) license for online merchants, and the regulator subsequently requested PPSL to obtain necessary approvals for past downward investment and resubmit the application.