There are reports that the govt was looking to rollback the recently imposed tax on FPIs, after the taxation announcement reflected in the outflows from the markets. Could the govt come out with a ordinance to amend the FPI tax proposal in the finance bill? Or, can it put the tax proposal in abeyance? And, did PMO’s intervention change the thinking process on sticking to its stand by the FM? Also, could this damage have been avoided at first instance? Vijay Iyer discusses on ‘The Big Story’.