Rollback Of FPI Surcharge Critical: Nishith Desai
  • WebDesk BTVI
  • Aug 08 2019

The government is likely to withdraw higher surcharge on foreign portfolio investors (FPIs) imposed in Budget 2019, according to Reuters. Nishith Desai, Founder & Managing Partner, Nishith Desai Associates, said that the move is critical as the tax imposed in India is high and not exactly re-reimbursable. He also said that the government should look at improving investors' confidence as the rate of return on investment in India is among lowest among peers.