A change in the way derivatives trades and securities transactions are taxed for foreign portfolio investors (FPIs) could hit investment flows into India and provide incentives for FPIs to set up operations in Singapore or Mauritius – which benefit from favourable treaties with India – say market participants.
On July 10, Arun Jaitley, India's new finance minister unveiled his budget for the 2014/15 financial year. Included in the budget statement was a proposal to reclassify the treatment of in
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