NIFTY 50

Higher tax on FPIs spooks market; FM Sitharaman may speak on the issue in parliament

Updated : July 08, 2019 06:55 PM IST

Finance minister Nirmala Sitharaman presented her first Union Budget on Friday and held a post-budget meeting with the Reserve Bank of India (RBI), governor Shaktikanta Das on Monday.

In the press conference, Das said that the finance minister addressed the RBI board and had an over one-hour discussion with the members.

On the foreign portfolio investment (FPI) surcharge issue, Sitharaman said that she did not believe a clarification was needed now, however, she also said that she may speak on the issue in the parliament.
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