Budget Reactions: FM woos overseas investors with simpler Budget norms: KPMG

FM is wooing the foreign investor by simplifying the norms planned for foreign portfolio investors. In his own words-Doing business with India should be easy and friendly.

February 28, 2013 / 17:27 IST

Naresh Makhijani
KPMG India

"FM is wooing the foreign investors by simplifying the norms planned for foreign portfolio investors. In his own words-Doing business with India should be easy and friendly. It is a step towards fiscal prudence and we commend this measure. Reduction of STT across financial instruments will provide a boost to the capital markets."

"Government will introduce Inflation-indexed bonds or security certificate in consultation with the RBI-Good step for savers that may entice them to move away from Gold as an investment and help the government reduce the gold import duty.

Opening up of insurance branches in Tier-2 cities without IRDA approval is a welcome step- Fulfills government’s motto for inclusive and sustainable growth."

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first published: Feb 28, 2013 05:19 pm

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