India may soon roll back an additional levy on foreign funds and announce other measures to boost economic growth, a government official said in comments that helped the stock and currency markets reverse losses. Prime Minister Narendra Modi’s administration is finalising a package to reverse the economic slowdown, the official told reporters, asking not to be identified as a decision is yet to be announced.
Key among them is a likely exemption to foreign portfolio investors from a tax on super rich announced in the budget. Finance Minister Nirmala Sitharaman had proposed ...
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