Business Daily from THE HINDU group of publications
Monday, Nov 09, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Monday, Nov 09, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Mentor
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Taxation Markets - Foreign Institutional Investors Columns - For the Asking Brazil has imposed a 2 per cent tax on FII inflows. Is it a right move? Chaman Bagga, HoshiarpurBrazil found that FII money was threatening to create an asset bubble, which has all along been the Indian experience and apprehension too. After all, the Indian bourses have been driven by the FII money. Brazil has made bold to discourage foreign exchange inflow through this small impost which our government has not been able to do. The truth however is that the FII money is indeed hot, capable of wrecking havoc both in the bourses as well as in the foreign currency market. Often many of us in India have missed the wood for trees when the Sensex shot up to dizzy levels. Liquidity driven boom in the bourses was mistaken for growth in the real economy as well S. MURLIDHARAN More Stories on : Taxation | Foreign Institutional Investors | For the Asking
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