Foreign funds positive, issues will be addressed: Finance Ministry

Foreign funds positive, issues will be addressed: Finance Ministry

New Delhi, Sep 20 (IANS) Foreign portfolio investors (FPIs) see Indian markets offering immense potential for investment, and whatever concerns they have over taxation and other issues will be looked into, Economic Affairs Secretary Shaktikanta Das said here on Tuesday.

“The FPIs are looking at bigger opportunities for investing in the Indian market. So the overall outlook is very, very positive,” Das said after a meeting with some 40 top foreign funds, along with key financial sector regulators.

“Suggestions were made both in terms of process simplification. Some new suggestions have also come. Some taxation issues were also raised,” Das said, adding: “We will examine and look at all the suggestions they have made.”

The top finance ministry official said that the issues raised would be discussed internally with officials from the Department of Revenue, the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India — all of which were represented at the meeting.

A similar exercise is expected with domestic funds.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here