In the union budget this year, finance minister Nirmala Sitharaman laid out the red carpet for a section of foreign investors as she granted a tax exemption to sovereign wealth funds for investments into India’s infrastructure sector. This move, the government hopes, will go some way in funding the Rs 103 ......
Why Temasek may miss out on India tax sops but GIC can reap a harvest
By Aman Malik
- 04 Mar 2020