FM sticks to proposals, no relief to FPIs in trust form – Sunil Gidwani
Finance minister Nirmala Sitharaman stuck to her budget proposals and declined to relent on the demand by foreign portfolio investors (FPIs) structured as trusts that they be exempted from a higher surcharge. The government believed that the richest should contribute more to society and nation building.
Rakesh Nangia, Managing Partner and Sunil Gidwani, Partner- Financial Services share their views on aforementioned story for following publications:
Economic Times- Front page story
Livemint- Front page story
New Indian Express
Financial Express- Front page story
(PTI News has been picked up by 45 other news publications including Business Standard, Business Today, Moneycontrol.com , Firstpost etc.)