Budget 2019: KYC norms relaxation, other proposals for FPIs to boost economy: Experts

  Jul 05, 2019

Reacting to the proposals, JMP Advisors Chairman Jairaj Purandare said, “In presenting the Budget, the government has taken due cognizance of the fact that FPI is a significant source of capital for the economy and hence, with a view to streamlining the KYC compliance process and to facilitate ease of doing business for FPIs, measures are being proposed to make the KYC process investor friendly.”

He further said that these are welcome measures, “aimed at promoting the much-required foreign investment in India, which in turn, will give a boost to job creation and growth in the economy.”

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Industry Leaders Reaction on Budget 2019: Adi Godrej says Budget is not growth-oriented; stock market comes down considerably

  Jul 10, 2019

Prime Minister Narendra Modi’s government unveiled the Budget for 2019/2020 on Friday, seeking to reverse weakening growth and investment that threaten to take the shine off a recent landslide election…

What caused the market crash? Big tax hit sends FPIs running for cover

  Jul 09, 2019

“While one would continue to pay 10 per cent LTCG on income over Rs 1 lakh on listed shares, if the capital gains along with the other income heads exceeds…