Finance minister Nirmala Sitharaman stuck to her budget proposals and declined to relent on the demand by foreign portfolio investors (FPIs) structured as trusts that they be exempted from a higher surcharge. The government believed that the richest should contribute more to society and nation building.
Rakesh Nangia, Managing Partner and Sunil Gidwani, Partner- Financial Services share their views on aforementioned story for following publications:
Economic Times- Front page story
Livemint- Front page story
New Indian Express
Financial Express- Front page story
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