Ahead of the meeting of capital market representatives with the Finance Minister Nirmala Sitharaman on Friday, highly-placed sources said the FPI tax issue is under discussion, but no decision has been taken with regard to its withdrawal.
Finance Minister Nirmala Sitharaman
New Delhi:
The capital market participants are to meet Sitharaman on Friday and expected to raise the tax issue of the Foreign Portfolio Investors (FPIs) and will probably seek its withdrawal. They have been called by the Finance Ministry as part of the government’s outreach for seeking inputs on beating the slowdown and a broader economic revival programme before any policy intervention is taken up by the North Block. Meeting with the FM where representatives of NBFCs and mutual funds would also be present, besides a separate meeting by Economic Affairs Secretary.
“It (FPI tax issue) might be under discussion .. but nothing has been signed or has been approved on file... there is no official word on it,” a highly-placed source said.
The capital market participants are to meet Sitharaman on Friday and expected to raise the tax issue of the Foreign Portfolio Investors (FPIs) and will probably seek its withdrawal. They have been called by the Finance Ministry as part of the government’s outreach for seeking inputs on beating the slowdown and a broader economic revival programme before any policy intervention is taken up by the North Block. Meeting with the FM where representatives of NBFCs and mutual funds would also be present, besides a separate meeting by Economic Affairs Secretary.