3:08 pm - Tuesday October 19, 1075

Sensex Slumps 500 Points Amid P-Note Jitters. Don’t Panic, Says Jaitley

198 Viewed Alka Anand Singh Comments Off on Sensex Slumps 500 Points Amid P-Note Jitters. Don’t Panic, Says Jaitley

Finance Minister Arun Jaitley has sought to calm investors after the Sensex fell more than 500 points on Monday, amid jitters over a recommendation for stiff norms for participatory notes or P-Notes and a steep 8 per cent plunge in China markets.

Mr Jaitley promised that “the government will not take any steps that will adversely impact the country’s investment climate.”

He ruled out a “knee-jerk reaction” to a special investigation team’s (SIT) recommendation last week for tighter regulations on P-Notes to curb the flow of black money. P-Notes are instruments through which foreign individuals, hedge funds and others invest in India’s stock markets without being registered with market regulator Securities and Exchange Board of India

Don't miss the stories followIndiaVision News & Information and let's be smart!
Loading...
0/5 - 0
You need login to vote.
Filed in

Jet Airways slash business class prices, announces special fares

Qualcomm appoints Sunil Lalvani as India head

Related posts