Singh admonishes changes in investors taxes

Note: This section contains information in English only.
Source: Bloomberg
India should avoid changes in taxation of foreign investors, said a key adviser to Prime Minister Manmohan Singh. The nation sets up the rule to liquidate tax avoidance, and this announcement should be interpreted as a welcoming step for investment not as a doubt in investor`s honesty. The BSE India Sensitive Index fell 0.4% today in Mumbai, while the Rupee declined 0.9%.

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