No point unsettling system, FPIs should accept current taxation: Sebi chief

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No point unsettling system, FPIs should accept current taxation: Sebi chief - Business Standard

Quick Summary:

On the issue of taxation, Pandey listed out a slew of advantages which India -- the fastest growing large economy in the world -- offers, including delivering superior returns, stable policy environment and inflation being under control.

"If some certainties have already come in terms of taxation, let us not unsettle it," he said, listing out positives with India like delivering over 11 per cent per annum returns on the MSCI over the last five years, fastest growing large economy, stable inflation, and fiscal consolidation.

Sebi Chairman Tuhin Kanta Pandey on Saturday said there is no point unsettling the current taxation, and the foreign portfolio investors need to "live with" the system.