'Govt to set up group for FII concerns'

 
“A group will be set up of the regulators and government agencies to address their (FIIs) issues,” Finance Secretary Ashok Chawla told reporters after a meeting of the Finance Minister  with the representatives of FIIs and financial institutions (FIs).
On their concerns on taxation he said, “They should send their comment on the Direct Taxes Code. That will be taken into consideration.”

In their meeting with Mukherjee, FIIs and financial institutions also raised issues with regard to the Securities Transaction Tax (STT) and procedures, Chawla said, adding, “We also discussed ways to strengthen secondary and bond markets.”

Noting that FIIs continued to remain bullish on India, he said, the Minister in his meeting with them tried to get their perception on investment climate in the country and the difficulties faced by them.