Booster shot for economy
  • WebDesk BTVI
  • Aug 23 2019

FM Nirmala Sitharaman today announced the roll back of the tax surcharge on Foreign Portfolio Investment (FPIs) announced in the Budget last month. The rollback comes after Indian capital markets witnessed massive outflow of foreign funds in the month of July. In a major relief to entrepreneurs and startups, the 'angel tax' provision will be withdrawn for startups and their investors. On ‘The Big Story, Siddharth Zarabi and Muralidhar Swaminathan discuss government’s economy boosting measures.