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Government Planning Tax Relief For Foreign Investors, Says Report
Higher taxes on foreign investors have caused overseas fund outflows Foreign investors pulled out Rs 12,419 crore from Indian equities in July Sensex, Nifty posted their biggest gains in 11 weeks on Thursday
08 Aug 2019, 04:25 PM IST 
The surcharge on the super rich announced in Budget is also applicable to FPIs operating as trusts
The official, who declined to be named, said the government will either issue a notification or an executive order, which could be later submitted to parliament for approval, according to Reuters.
The S&P BSE Sensex index spiked 636.86 points - or 1.74 per cent - to end at 37,327.36 on Thursday, and the broader NSE Nifty benchmark finished at 11,032.45, up 176.95 points - or 1.63 per cent - from the previous close. Both the indexe...
