Business1d ago
Tax cuts for FIIs would be ‘asking govt to fund their under-performance’: Elara Capital MD & CEO
AI EXECUTIVE SUMMARY
Harendra Kumar, the MD and CEO of Elara Capital, argues that calls by foreign institutional investors for tax relief in India are unjustified. He clarifies that traditional international investors are not the primary complainants, but rather hedge funds and high frequency traders experiencing under-performance.
WHY IT MATTERS
This perspective challenges claims that India's tax policies are harming foreign investment by shifting the blame to speculative trading strategies.
Managing Director and CEO of Elara Capital Harendra Kumar said that it is not international investors, but hedge funds and high frequency traders that are complaining about the taxation in India
This story was originally reported by The Hindu — Business. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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