Foreign Investors

Government Clarifies On Foreign Investors Surcharge, Experts Say Benefits Limited

Business | Indo-Asian News Service | Saturday August 24, 2019

The decision to roll-back surcharge came weeks after FPIs turned net sellers of stocks after levy of surcharge in the Union budget.

Government Withdraws Enhanced Surcharge On Foreign Investors: 10 Things To Know

Business | Sandeep Singh and Abhishek Vasudev | Friday August 23, 2019

Finance Minister Nirmala Sitharaman on Friday announced a slew of measures, including the rollback of big ticket budget announcements, to revive the economy, which clocked its lowest rate of growth in nearly five years in the March quarter and is struggling with lakhs of job cuts across sectors. The Finance Minister said the government would withdr...

Withdrawal Of Surcharge On Foreign Investors A Big Positive: Experts

Business | Thomson Reuters | Friday August 23, 2019

The government announced measures to revive economic growth and markets including withdrawal of higher taxes for foreign portfolio investors.

Centre Withdraws Enhanced Surcharge On Foreign Investors

India News | Siddhartha Singh, Archana Chaudhary and Upmanyu Trivedi, Bloomberg | Friday August 23, 2019

India rolled back an additional levy on foreign funds and announced other measures to boost economic growth.

Government Scraps Higher Surcharge On Foreign Investors As Announced In Budget

Business | Edited By Abhishek Vasudev | Friday August 23, 2019

Finance Ministry also decided to withdraw enhanced surcharge on short and long term capital gains arising from transfer of equity shares.

Higher Tax On Foreign Investors Withdrawn, Says Nirmala Sitharaman

India News | Press Trust of India | Friday August 23, 2019

Giving in to the demands of overseas investors, Finance Minister Nirmala Sitharaman on Friday announced rollback of enhanced surcharge on foreign portfolio investors levied in the Budget.

Higher Tax On Foreign Investors Withdrawn, Says Nirmala Sitharaman

India News | Edited by Aditya Sharma | Friday August 23, 2019

Finance Minister Nirmala Sitharaman made a series of announcements today as she attempted to allay concerns over the state of the economy. These include the roll back of the higher tax on foreign investors and the release of funds to recapitalise public sector banks.

Government May Exempt Foreign Investors From Super-Rich Tax: Report

Business | Siddhartha Singh, Bloomberg | Friday August 23, 2019

Finance Minister Nirmala Sitharaman had proposed increasing the effective tax rate on individuals with taxable annual income of above Rs 2 crore($283,000) by about 3 per cent, and for those earning above Rs 5 croreby 7 per cent.

Rupee Off 6-Month Low, Ends At 71.27 Against Dollar: 10 Things To Know

Business | Edited by Sandeep Singh (with inputs from agencies) | Wednesday August 14, 2019

The rupee rose to end at 71.27 against the dollar on Wednesday, rebounding from a nearly six-month low registered the previous day. After opening higher against the greenback at 71.00, the rupee appreciated by as much as 55 paise during the session, before giving up most of those gains by the end of trade on Wednesday. Strength in the equity market...

Foreign Investors Face Wipeout As Rupee Becomes Asia's Worst Performer

Business | Anurag Joshi, Bloomberg | Wednesday August 14, 2019

Any sell-off in foreign holdings of Indian corporate and government bonds may set off a spin which weakens the currency further.

Andhra Is A "Role Model": Chief Minister Jagan Reddy At Investors' Summit

Andhra Pradesh News | Written by Uma Sudhir, Edited by Chandrashekar Srinivasan | Saturday August 10, 2019

Andhra Pradesh Chief Minister Jagan Mohan Reddy told potential foreign investors at a day-long summit on Friday that while the state lacked "big metros like a Hyderabad, Bengaluru or Chennai", it offered a stable administration backed by a decisive mandate

Market Participants Demand Rollback Of Higher Tax On Foreign Investors: Report

Business | Press Trust of India | Friday August 9, 2019

Equity benchmarks rose for the second straight session on Friday amid hopes that the government may take some market-friendly measures.

Foreign Investors Hopeful Of Resolution Of Tax Issue After Meeting Finance Minister

Business | Friday August 9, 2019

FPIs had more than an hour long meeting with the finance minister and she patiently heard the concerns of the FPIs.

Sensex, Nifty Surge For Second Straight Day Amid Buying Across Sectors

Business | Edited by Sandeep Singh | Friday August 9, 2019

Domestic stock markets clocked sharp gains on Friday, rising for a second straight day, after a report by news agency Reuters said that the government is likely to exempt foreign portfolio investors from higher taxes triggered a surge in the markets. The S&P BSE Sensex index rose as much as 460.18 points in afternoon deals to 37,787.54, and the br...

Rupee Moves Higher To 70.44 Against Dollar: 10 Things To Know

Business | Edited By Anshul (With inputs from agencies) | Friday August 9, 2019

The rupee rose as much as 25 paise - or 0.35 per cent - against the dollar on Friday. Analysts say gains in domestic equities amid reports of a meeting between foreign investors and finance ministry officials regarding higher tax surcharge during the day provided support to the local currency. At the forex market, the rupee opened higher for second...