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SEBI backs LTCG exemption for FPIs

Mumbai: India's markets regulator has recommended the government remove the long-term capital gains (LTCG) tax imposed on foreign investors, two people with direct knowledge of the matter said, as India looks to galvanise its underperforming equity markets. The Securities and Exchange Board of India (SEBI)...

JPC on FCRA Bill: Only 6 pc foreign funds go to churches

Shillong: Churches and other faith-based organisations account for only around 6 per cent of the Rs 22,000 crore in foreign contributions received in the country, said Sanjay Jaiswal, chairperson of the Joint Parliamentary Committee (JPC) on the Foreign Contribution (Regulation) Amendment Bill. The JPC was...

 

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