Business Headlines: Under pressure, FM forced to act

The recent budget was expected to come out with some tough policy action and offer stimulus to revive a sagging growth. However, that didn’t happen. A slew of measures were ushered in which dampened stock market sentiment. The most harmful one was increase in surcharge on individuals and trusts earning in excess of ₹ 2 crore. After initially rejecting pleas from FPIs to roll back the increase in surcharge, the government has now decided to consult financial sector executives to help revive investor sentiment. #StockMarket #NirmalaSitharaman #FPI

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