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Finance Min Chidambaram takes corrective measures
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Air Date:
07 Aug 2012
Description:
In what could spell a relief to the telecom operators, Vodafone, Union Finance Minister P Chidambaram has ordered a review of provisions that have a retrospective effect. This move is also likely to build investor confidence in India. The retrospective tax changes introduced by Pranab Mukherjee had drawn sharp criticism around the globe and had scared away investors from India.
In what could spell a relief to the telecom operators, Vodafone, Union Finance Minister P Chidambaram has ordered a review of provisions that have a retrospective effect. This move is also likely to build investor confidence in India. The retrospective tax changes introduced by Pranab Mukherjee had drawn sharp criticism around the globe and had scared away investors from India.
Tags:
Relief
telecom operators
Vodafone
Union Finance Minister
P Chidambaram
orders review
provisions with retrospective effect
build investor confidence
retrospective tax changes
Pranab Mukherjee
sharp criticism
around the globe
investors scared away
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