Budget 2019

Sensex slides 2% as budget proposals affect sentiment

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“The budget says the surcharge levy is on all non-corporate entities; so FPIs and AIFs established as trusts will attract the surcharge. I do not think that was the intention, I am hoping the ministry would issue some clarifications," said Riaz Thingna, director of Grant Thornton Advisory Pvt. Ltd.

This article appeared in Live Mint on 09th June, 2019.