Business Standard

Letters: Succumbing to FIIs

Related News

This refers to the report “Pranab’s balm on P-notes soothes market nerves” (March 30). It is unfortunate that the finance minister has succumbed to the pressure put by foreign institutional investors (FIIs). The proposal in the Budget to levy short-term capital gain tax would have helped retail investors. It is unfortunate that on the one hand, genuine retail investors have to meet know-your-customer norms, among others, and pay tax on short-term gains, and on the other participatory notes holders speculate and destabilise our stock markets and are allowed to get away with untaxed money.

N Ramamurthy, Chennai

Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201 · E-mail: letters@bsmail.in
All letters must have a postal address and telephone number

Read more on:   

Read More

Letter: The race to inclusion

Apropos Shubhashis Gangopadhyay’s article “The real meaning of inclusion” (April 28), the author makes a valid point. The idea of inclusion should be ...

Quick Links

Financial X-Ray Rss icon

Zomato fund infusion positive for Info Edge

Higher competitive pressures, though, will keep 99acres' profits under check

Firstsource Solutions: Turnaround gets delayed on client issues

Earnings estimates cut as revenues in Q2 disappoint; company expects top line to grow 7-8% in FY16

Back to Top