Investors want clarity on new surcharge for overseas funds in India
09 July 2019 - 14:59
Mumbai — It’s an old saw of India’s budget documents — the devil lies in details of the fine print.
A higher surcharge on wealthy Indians in the budget has spooked non-resident and overseas funds enough to erase 2.3-trillion rupees ($30bn) in market value from companies in the S&P BSE Sensex over the past three sessions...
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