• SENSEX
    NIFTY 50
VIDEOS
Economy

Govt looking into FPI surcharge matter, action awaited

Updated : August 08, 2019 04:15 PM IST

On Monday, CNBC-TV18 reported that the government was looking at

carve-out for foreign portfolio investment (FPIs) from the surcharge. This is a matter under “serious consideration”. Legal opinion had been sought on how this can be done, what the implications will be and modalities were being worked out.

This continues to be the stated position and that instructions on further action are “awaited”. There is a meeting tomorrow of FPIs with the finance minister. Earlier this week, the finance minister also held meetings with the auto sector representatives.

The fact that the government is looking at addressing this concern is something that we have already reported. What it will now mean in terms of action, whether it will mean an ordinance or a circular and whether that decision has finally been taken is still a question mark.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV
Advertisement