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Is the Indian Government Stifling Entrepreneurship? : A followup

Posted by tggokul on March 2, 2007

I happened to catch the Finance minister’s interview on TV yesterday where he was talking about the Fringe Benefit tax for ESOPs.

When the interviewer kept prodding as to why in the world would the Finance Ministry want to introduce just a devastating tax, FM replied that the policies were still in the works and a final draft will be be submitted detailing the intricacies. So I am going to give him the benefit of doubt and will wait till the final proposal is tabled.

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