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<ul><li>Foreign investors had pulled out billions from India's equity market ever since the tax surcharge was announced in the latest budget.</li><li>The Narendra Modi government also announced a slew of measures including tax reforms to revive a sluggish economy.</li><li><keyword id="7706673" type="UNKNOWN" weightage="20" keywordseo="finance-minister-nirmala-sitharaman">Finance Minister Nirmala Sitharaman</keyword> and her team addressed a press conference to restore the faith in the economy and the government.</li><li>Reform is a continuous process, she said in her opening remarks.</li></ul>In a bid to restore the faith in the Indian economy and the Narendra Modi government, Finance Minister Nirmala Sitharaman assured the investors that the government respects wealth creators and declared that the surcharge on foreign and domestic equity investors has been rolled back. The benefit of the rollback is not available to the high net worth individuals. They will continue to pay the additional surcharge. However, the Finance Minister said that the government will review the decision in 2022, the seventy-fifth year of Indian independence. The latest budget for the financial year ending March 2020 imposed an additional tax on the country's super rich and foreign portfolio investors (FPIs) got caught in the crossfire. The subsequent anger and market sell-off has wiped off billions of rupees in share market wealth since then as foreign investors rushed for the exit. Most foreign portfolio investors in India operate as non-corporate entities such as trusts and associations, which are taxed like individuals and therefore the additional tax would fall on them. The government will lose ₹1,400 crore by rolling back the additional surcharge imposed in the latest budget. For now, the capital gains on trading of shares by foreign and domestic investors will be exempt but the country's super rich will continue to pay the additional levy on their total taxable incomes. SEE ALSO: <a href="https://www.businessinsider.in/politics/policy/nirmala-sitharam-address-on-india-economic-stimulus-live-updates-and-highlights/articleshow/70804926.cms" data-type="tilCustomLink" target="_blank">India unveils economic stimulus-- from homes to cars to banks to infrastructure to equity markets</a>

The higher tax on India's super rich continues-- only the capital gains are exempt

<ul><li>As foreign investors in Indian share market pull out money thick and fast, the Narendra Modi government is in damage control mode.</li><li>Prime Minister's office has reportedly asked Finance Minister Nirmala Sitharaman to exempt the additional levy on profits made by foreign investors between April 1 and July 5.</li><li>This may reduce the burden on investors by a third, according to the report.</li><li>The surcharge had led to a sharp fall in stocks wiping out billions in market capitalisation.</li></ul>The latest budget for the financial year ending March 2020 imposed an additional tax on the country's super rich and foreign portfolio investors (FPIs) got caught in the crossfire. The subsequent anger and market sell-off has wiped off billions of rupees in share market wealth in just about a month as foreign investors rushed for the exit. Most foreign portfolio investors in India operate as non-corporate entities such as trusts and associations, which are taxed like individuals and therefore the additional tax would fall on them. However, now the Prime Minister's office has reportedly stepped in. The Finance Ministry under Nirmala Sitharaman has been asked to quickly review the tax proposal on FPIs and come out with a solution that reduces the impact of new taxation on these institutional investors, according to a report by IANS, a news agency. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 On the table is a proposal to exempt all income generated by FPIs till the presentation of the Union Budget on July 5 from the surcharge. To be specific, all profits made between April 1 and July 5 this year may not face the additional tax if the proposal is accepted. This will reduce the impact of the new taxation by almost a third, the report estimated. Sources said that the ministry may announce the changes this week after the monetary policy review by Reserve Bank of India (RBI) on August 7. On its part, the RBI is expected by experts to reduce the policy rates by 25 basis points to improve liquidity in the market and kickstart the investment cycle by the private sector. However, if the government misses the opportunity to get the proposal approved before the ongoing Parliament session ends, it will either have to wait for the next session in November or pass an ordinance. SEE ALSO: <a href="https://www.businessinsider.in/politics/policy/rahul-bajaj-adi-godrej-and-big-investors-cry-against-modis-budget-and-policies/articleshow/70450878.cms" data-type="tilCustomLink" target="_blank">Narendra Modi has a new problem – big corporates and moneybags are angry</a>

Foreign investors in India may get some relief from tax surcharge after Prime Minister's intervention

<ul><li>As foreign investors in Indian share market pull out money thick and fast, the <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> government is in damage control mode.</li><li>Reports that the surcharge on foreign investors in Indian share market may be withdrawn led to a spike in Indian markets.</li><li>Sensex surged over 638 points to clock its sharpest single-day surge in 11 weeks.</li></ul> Reports that the <a href="https://in.reuters.com/article/india-stocks/sensex-nifty-jump-most-in-11-weeks-on-reports-government-planning-sops-for-investors-idINKCN1UY0DY" data-type="tilCustomLink" target="_blank">surcharge on foreign investors</a> in Indian share market may be withdrawn led to a spike in Indian markets. Sensex surged over 638 points to clock its sharpest single-day surge in 11 weeks. Adding to the cheer was speculation that the government may review the existing tax on long-term capital gains too. The latest budget for the financial year ending March 2020 imposed an additional tax on the country's super rich and foreign portfolio investors (FPIs) got caught in the crossfire. The subsequent anger and market sell-off has wiped off billions of rupees in share market wealth in just about a month as foreign investors rushed for the exit. Most foreign portfolio investors in India operate as non-corporate entities such as trusts and associations, which are taxed like individuals and therefore the additional tax would fall on them. However, now the Prime Minister's office has reportedly stepped in. The Finance Ministry under Nirmala Sitharaman has been asked to quickly review the tax proposal on FPIs and come out with a solution that reduces the impact of new taxation on these institutional investors, according to a report by IANS, a news agency. 
 
 
 
 
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 On the table is a proposal to exempt all income generated by FPIs till the presentation of the Union Budget on July 5 from the surcharge. To be specific, all profits made between April 1 and July 5 this year may not face the additional tax if the proposal is accepted. This will reduce the impact of the new taxation by almost a third, the IANS report estimated. Sources said that the ministry may announce the changes this week after the monetary policy review by Reserve Bank of India (RBI) on August 7. On its part, the RBI is expected by experts to reduce the policy rates by 25 basis points to improve liquidity in the market and kickstart the investment cycle by the private sector. However, if the government misses the opportunity to get the proposal approved before the ongoing Parliament session ends, it will either have to wait for the next session in November or pass an ordinance. SEE ALSO: <a href="https://www.businessinsider.in/politics/policy/rahul-bajaj-adi-godrej-and-big-investors-cry-against-modis-budget-and-policies/articleshow/70450878.cms" data-type="tilCustomLink" target="_blank">Narendra Modi has a new problem – big corporates and moneybags are angry </a> <a href="https://www.businessinsider.in/ikea-mumbai-store-launch-to-take-on-pepperfry-urban-ladder-and-flipkart/articleshow/70563420.cms" data-type="tilCustomLink" target="_blank">Ikea will make its Mumbai debut ‘very shortly’, says India chief as the first store in Hyderabad turns a year old</a>

Here's why Sensex clocked its sharpest spike in 11 weeks today

<ul><li>The market value of Indian shares fell sharply since the latest Union Budget, which proposed additional tax on super rich investors.</li><li>The total loss of market value of shares from July 5 until August 23 is pegged at ₹ 14.7 trillion whereas the expected tax revenue from the additional surcharge was a mere ₹14 billion.</li><li>Finance Minister <keyword id="129243" type="PERSON" weightage="20" keywordseo="Nirmala-Sitharaman">Nirmala Sitharaman</keyword> rolled back the surcharge on Friday to stem the market meltdown and revive investments.</li></ul>Whether it is while buying a car or a house, or while making choosing a stock or a mutual fund over another, or even while asking someone out for a date-- weighing the likely risks against the potential reward would seem like a matter of instinct. However, India's Finance Minister Nirmala Sitharaman, or her team, particularly any person who recommended the additional surcharge on super-rich investors, seemed to have beat his or her own instinct. The damage was borne by investors as stocks in both the Bombay Stock Exchange (BSE) and the National Stock Exchange (<keyword id="6354646" type="UNKNOWN" weightage="20" keywordseo="nse">NSE</keyword>)-- including the Sensex and the Nifty-- went tumbling over the next 49 days. And the rupee became the <a href="https://www.hindustantimes.com/business-news/the-impact-of-rupee-fall-on-you/story-aV83jz1OaFm2Hw5uAPHdcI.html" data-type="tilCustomLink" target="_blank">worst performing currency in Asia</a> in August. The latest budget for the financial year ending March 2020 imposed an additional tax on the profit made from shares by the country's super rich and foreign portfolio investors (FPI) got caught in the crossfire. The subsequent anger and market sell-off has wiped off billions of rupees in share market wealth since then as foreign investors rushed for the exit. Most foreign portfolio investors in India operate as non-corporate entities such as trusts and associations, which are taxed like individuals and therefore the additional tax would fall on them. Foreign investors folded many of their investments and pulled money out in hordes-- nearly ₹22.5 billion since the budget day. The value of shares in the India fell by a whopping ₹14.7 trillion from July 5 to August 23. However, on Friday (August 23), when Sitharaman decided to rollback the levy on investors, the Revenue Secretary, Ajay Bhushan Pandey, revealed that the withdrawal will cost the government just ₹14 billion. SEE ALSO: 
 
 
 
 
 
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 "Tax rates for FPIs will come down by up to 7%, back to the pre-budget levels, and this removes the anomaly created by the Budget 2019,” Rajesh Gandhi, a partner at Deloitte India, told the Economic Times. But the damage had already been done. The rupee has fallen to its lowest level since December 2018 and much of it has to do with foreign investors pulling out dollars in haste. A weaker rupee would mean India will have to pay more for crude oil and that in turn will increases prices of other essential items. And India imports over 80% of all the crude oil it needs. SEE ALSO: 
 
 
 
 
 
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 It may be argued that not all the loss in market value is due to the surcharge. Donald Trump's trade war with China had a role to play too. However, that has been unravelling for many months now and the risks were palpable. Pushing investors, who were already risk averse, to pay more tax was entirely avoidable. SEE ALSO: <a href="https://www.businessinsider.in/markets/economy/fm-to-provide-public-sector-banks-with-rs-70000-crore/articleshow/70806189.cms" data-type="tilCustomLink" target="_blank">Indian government to make loans easier and cheaper with a ₹70,000 crore gift to banks</a> <a href="https://www.businessinsider.in/politics/policy/nirmala-sitharam-address-on-india-economic-stimulus-live-updates-and-highlights/articleshow/70804926.cms" data-type="tilCustomLink" target="_blank">India unveils economic stimulus-- from homes to cars to banks to infrastructure to equity markets</a>

India lost ₹15 trillion trying to make ₹14 billion from tax surcharge on investors

New Delhi, Nov 17 () Foreign portfolio investors (FPIs) pumped in a net sum of Rs 19,203 crore into the domestic capital markets in the first half of November amid encouraging domestic and global factors.
 According to the latest depositories data, overseas investors infused a net amount of Rs 14,435.6 crore into equities and Rs 4,767.18 crore into the debt segment during November 1-15, taking the total net investment to Rs 19,202.7 crore.
 Prior to this, FPIs had poured a net Rs 16,464.6 crore in October and Rs 6,557.8 crore in September into the domestic capital markets (both equity and debt).
 "The consistent flows depict that FPIs are fast gaining confidence in the Indian equity markets, after they made harried exit in the months of July and August, due to measures such as rollback of super-rich surcharge, merger and recapitalisation of PSU banks, relief measures for the revival of automobile sector, rationalization of corporate tax rates among others," said Himanshu Srivastava, senior analyst manager research at Morningstar Investment Adviser India.
 On the global front, the major factor contributing towards FPI inflows is expectation of a trade deal between the US and China, said Arun Mantri, technical and derivative analyst at Karvy Stock Broking. 
 However, at the current juncture, further FPI flows will mostly depend on both the global and domestic headwinds and how the government tackles the ongoing slowdown in the Indian economy, Mantri added. SRS 
ABM

FPIs infuse Rs 19,203 cr into Indian capital markets in Nov so far

New Delhi, Feb 13 () Foreign investors turned net buyers in the Indian markets in the December quarter, pumping in a staggering USD 6.3 billion on the back of the government's intent to bring reforms for supporting the economic growth. This comes following a net outflow of USD 3.22 billion by foreign portfolio investors (FPIs) in the quarter ended September 2019. According to a Morningstar report, foreign investors started the quarter on a subdued note as they turned risk-averse with fears of a global recession and trade wars gaining momentum. Moreover, the slowdown in the Indian economy, paired with world bodies like the International Monetary Fund, the Asian Development Bank, and Moody's cutting India's growth forecasts, also dented sentiments, it added. "The scenario improved as the quarter progressed largely on the back of the government's intent to bring reforms and changes which are necessary for the economy to grow," the report noted. Since August, the government has announced a series of measures to revive the economy and regain the confidence of foreign investors. Some of the prominent measures included a roll-back of the superrich surcharge, the merger and recapitalisation of public sector banks, increased liquidity support for housing finance companies, and NBFCs, relief measures for the revival of the automobile sector, a bailout package for stalled projects in the real estate sector, and most significantly, rationalisation of corporate tax rates. "Gradually, these measures started to find favour among foreign investors as they started returning to the Indian equity markets. Better-than-expected earnings growth also encouraged investors," Morningstar said. As per the report, FPIs went on a buying spree through the quarter ended December 2019 notably, they were net buyers in all three months of the quarter as they pumped in net assets worth USD 6.31 billion. Also, the value of FPI investments in Indian equities surged significantly during the quarter under review largely due to huge inflows from such investors with gains posted by the Indian equity markets. The value of FPI investments in Indian equities stood at USD 432 billion, which is considerably higher than the USD 402 billion recorded in the previous quarter. This was the highest in the last eight quarters, with the previous high of USD 442 billion during the three months ended December 2017. Consequently, such investors' contribution to Indian equity market capitalisation also moved up to 20.9 per cent from 19.3 per cent in the previous quarter. SP MRMR

FPIs turn net buyers; put in USD 6.3-bn in Dec quarter

New Delhi, Dec 1 () Mutual funds focussed on investing in fixed-income securities saw an outflow of over Rs 5,000 crore in July-September this year, after registering an infusion of Rs 19,700 crore in the preceding quarter, mainly on account of a massive pullout from liquid and credit risk categories.
 Although most individual categories that invest in fixed-income securities or debt funds saw a rise in flows compared with the last quarter, outflow from liquid and credit risk categories were significant enough to negate most of the positive flows in other categories.
 According to Association of Mutual Funds in India (Amfi), mutual funds that invest in fixed-income securities saw an outflow to the tune of Rs 5,061 crore in the three months ended September 30, 2019 compared with an inflow of Rs 19,691 crore in the previous quarter.
 Despite the outflow, the asset base of debt mutual funds marginally rose one per cent to Rs 1.01 lakh crore by September-end from Rs 1 lakh crore at the end of June.
 A total of Rs 15,862 crore was taken out from liquid funds, while the withdrawal from credit risk funds stood at Rs 8,032 crore, a fifth consecutive quarter of negative flow.
Debt funds are considered to be less risky, with investors taking comfort in being able to hedge their risks by parking hard-earned money in instruments that provide better returns than bank fixed deposits.
However, a spate of multiple rating downgrades and the aftereffects impacted the flows in the debt market.
 "Credit risk funds (which invest in riskier debt securities) have been under tremendous pressure over the last year because of a spate of downgrades. Instances where corporate bond papers with the highest rating have been directly downgraded to a default have thrown a spanner in the works," Morningstar said.
 "As investors rushed in to redeem their investments in debt funds, the asset base of the impacted funds eroded sharply. Moreover, the value of the downgraded instruments artificially increased as debt-fund managers were forced to exit their liquid investments to meet the redemption requests," it added.
 Although regulators have been trying to bridge gaps and bring in more transparency regarding how to deal with the losses arising out of such downgrades, the exodus of funds has risen each quarter for the last 15 months.
 Moreover, investors are now opting to invest in banking &amp; PSU funds and corporate bond funds, which have a high allocation to highest rated bonds.
 The corporate bond fund category saw inflows to the tune of about Rs 6,717 crore, while the banking &amp; PSU funds received flows worth Rs 10,749 crore over the quarter, the highest among the fixed-income segment.
 On the other hand, investors pumped nearly Rs 24,000 crore in equity mutual funds during July-September 2019, a surge of 35 per cent from the preceding quarter, mainly due to the rollback of FPI surcharge, corporate tax rate cut and anticipation of more reforms. SP ANU

Debt MFs see Rs 5k-cr outflow in Sep qtr on high pullout from liquid, credit risk funds

<ul><li>By 2022, all villages will have water, electricity and clean cooking facilities. </li><li>Additional deduction of up to ₹1,50,000 for interest paid on loans borrowed up to March 31, 2020 for purchase of an affordable house valued up to ₹45 lakh. </li><li>Enhance surcharge on individuals having taxable income from ₹2 crore to ₹5 crore and ₹5 crore and above so that effective tax rates for these two categories will increase by around 3 % and 7 % respectively. </li></ul>The Finance Minister Nirmala Sitharaman unveiled her maiden Budget covering aspects of startups, education, home loans, disinvestment and many others. Here are key announcements made by her, from her Budget speech. The Indian economy will grow to become a $3 trillion dollar economyin the current year. In Purchasing Power Parity terms, we are in fact, the third largest economy already, only next to China and the USA. Rail &amp; Land Railways should take up Public Private Partnership in Railways to unleash faster development and completion of tracks, rolling stock manufacturing and delivery of passenger freight services. Current (house) rental laws are archaic and do not address the relationship between the Lessor and the Lessee realistically and fairly. A Model Tenancy Law will also be finalized and circulated to the states. Large public infrastructure can be built on land parcels held by Central Ministries and Central Public Sector Enterprises all across the country. Through innovative instruments such as joint development and concession, public infrastructure and affordable housing will be taken up. Small businesses &amp; Artisans Government will create a payment platform for MSMEs to enable filing of bills and payment thereof on the platform itself. Pension benefits to about three crore retail traders and small shopkeepers whose annual turnover is less than ₹1.5 crore, is extended. The Scheme of Fund for Upgradation and Regeneration of Traditional Industries’ (SFURTI) envisions setting up 100 new clusters during 2019-20 which will aid 50,000 artisans. The Scheme contemplates to set up 80 Livelihood Business Incubators (LBIs) and 20 Technology Business Incubators (TBIs) in 2019-20 to develop 75,000 skilled entrepreneurs in agro-rural industry sectors. FDI &amp; Disinvestment The Government will examine suggestions of further opening up of FDI in aviation, media (animation, AVGC) and insurance sectors in consultation with all stakeholders. 100% Foreign Direct Investment (FDI) will be permitted for insurance intermediaries. Local sourcing norms will be eased for FDI in single brand retail sector. I propose to increase the statutory limit for foreign portfolio investors (FPI) investment in a company from 24% to sectoral foreign investment limit with option given to the concerned corporates to limit it to a lower threshold. FPIs will be permitted to subscribe to listed debt securities issued by ReITs and InvITs. The cumulative resources garnered through Infrastructure Investment Trusts (InvITs), Real Estate Investment Trusts (REITs) and toll operate transfers exceeded ₹24,000 crore. Government is setting an enhanced target of ₹1,05,000 crore of disinvestment receipts for the financial year 2019-20. It is right time to consider increasing minimum public shareholding in the listed companies. I have asked SEBI to consider raising the current threshold of 25% to 35%. I propose to initiate steps towards creating an electronic fund raising platform – a social stock exchange - under SEBI to list social enterprises. Rural Growth By 2022, I would like to assure the nation that every single rural family, except those who are unwilling to take the connection will have electricity and a clean cooking facility. In the second phase of Pradhan Mantri Awas Yojana –Gramin, 1.95 crore houses are proposed to be provided to the eligible beneficiaries. Pradhan Mantri Gram Sadak Yojana phase III will look to upgrade 1,25,000kms of roads over the next five years, with an estimated cost ofRs 80,250 crore. Water &amp; Sanitation Ensuring India’s water security and providing access to safe and adequate drinking water to all Indians is a priority of the Government. A new Mantralaya will look at the management of water resources. It will work to ensure Har Ghar Jal (piped water supply) to all rural households by 2024 under the Jal Jeevan Mission. More than 95% of cities also have been declared ODF. More than 45,000 public and community toilets across 1700 cities have been uploaded on Google maps, covering more than 53% of India’s urban population. Women &amp; Education An amount of₹400 crore has been provided under the head, “World Class Institutions”, for FY 2019-20, more than three times the revised estimates for the previous year. I propose to start a programme, ‘Study in India’, that will focus on bringing foreign students to study in our higher educational institutions For every verified women SHG self-help group member having a Jan Dhan Bank Account, an overdraft of 5,000 shall be allowed. One woman in every SHG will also be made eligible for a loan up to1 lakh under the MUDRA scheme. Banks &amp; NBFCs Public Sector Banks are now proposed to be further provided ₹70,000 crore capital to boost credit for a strong impetus to the economy. For purchase of high-rated pooled assets of financially sound NBFCs, amounting to a total of Rupees one lakh crore during the current financial year, Government will provide one time six months' partial credit guarantee to Public Sector Banks for first loss of up to 10%. Reserve Bank of India (RBI) is the regulator for NBFCs.However, RBI has limited regulatory authority over NBFCs.Appropriate proposals for strengthening the regulatory authority of RBI over NBFCs are being placed in the Finance Bill. I am proposing to return the regulation authority over the housing finance sector from NHB to RBI. To facilitate on-shoring of international insurance transactions and to enable opening of branches by foreign reinsurers in the International Financial Services Centre, it is proposed to reduce Net Owned Fund requirement from₹ 5,000 crore to₹1,000 crore. India’s sovereign external debt to GDP is among the lowest globally at less than 5%. The Government would start raising a part of its gross borrowing programme in external markets in external currencies. Lowering Tax We continue with phased reduction in corporate tax rates. Currently, the lower rate of 25% is only applicable to companies having annual turnover up to ₹250 crore. I propose to widen this to include all companies having annual turnover up to ₹400 crore. This will cover 99.3% of the companies. Our government will provide additional income tax deduction of ₹1.5 lakh on the interest paid on loans taken to purchase electric vehicles. This amounts to a benefit of around ₹2.5 lakh over the loan period to the taxpayers who take loans to purchase electric vehicle. Interest paid on housing loans is allowed as a deduction to the extent of ₹2 lakh in respect of self-occupied property. I propose to allow an additional deduction of up to ₹1,50,000 for interest paid on loans borrowed up to March 31, 2020 for purchase of an affordable house valued up to₹45 lakh. This will translate into a benefit of around ₹7 lakh to the middle class home-buyers over their loan period of 15 years. Levying taxes I propose to levy tax deducted at source TDS of 2% on cash withdrawal exceeding ₹1 crore in a year from a bank account. Business establishments with annual turnover more than ₹50 crore shall offer such low cost digital modes of payment to their customers and no charges or Merchant Discount Rate shall be imposed on customers as well as merchants. I propose to enhance surcharge onindividualshaving taxable income from ₹2 crore to ₹5 crore and ₹5 crore and above so that effective tax rates for these two categories will increase by around 3 % and 7 % respectively. Duties Import of defence equipment that are not being manufactured in India are being exempted from basic customs duty. To encourage domestic publishing and printing industry, 5% custom duty is being imposed on imported books. I propose to increase Special Additional Excise duty and Road and Infrastructure Cess each by one Rupee a litre on petrol and diesel. It is also proposed to increase custom duty on gold and other precious metals from 10% to 12.5%. Nominal basic excise duty is being imposed on tobacco products and crude oil. Aadhar &amp; Startups I propose to consider issuing Aadhaar Card for Non-Resident Indians with Indian Passports after their arrival in India without waiting for 180 days. I propose to make PAN and Aadhaar interchangeable and allow those who do not have PAN to fileIncome Taxreturns by simply quoting their Aadhaar number andalso use it wherever they are required to quote PAN. To resolve the so-called ‘angel tax’ issue, the start-ups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of scrutiny in respect ofvaluations of share premiums. <table style="border-width: initial; border-style: none;"></colgroup></colgroup><tbody></tbody></table>

You Searched For "india fpi surcharge" and got 8 results

The higher tax on India's super rich continues-- only the capital gains are exempt

Sriram Iyer

Foreign investors in India may get some relief from tax surcharge after Prime Minister's intervention

Sriram Iyer

Here's why Sensex clocked its sharpest spike in 11 weeks today

Sriram Iyer

India lost ₹15 trillion trying to make ₹14 billion from tax surcharge on investors

Sriram Iyer

FPIs infuse Rs 19,203 cr into Indian capital markets in Nov so far

PTI

FPIs turn net buyers; put in USD 6.3-bn in Dec quarter

PTI

Debt MFs see Rs 5k-cr outflow in Sep qtr on high pullout from liquid, credit risk funds

PTI

Union Budget 2019 Highlights: FM levies more tax on the Super-rich, while making home loans cheaper for the middle class

BI India Bureau

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