Higher surcharges cost the economy (The Economic Times)

You cannot soak rich Indians without soaking rich foreign portfolio investors (FPIs) too. That might seem obvious, but it escaped those crafting the Budget. The finance minister announced budgetary schemes to attract more FPI dollars, such as raising the ceiling for FPI equity in any company from 24% to the FDI limit. But the income…

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Updated: July 12, 2019 — 8:57 PM