The industry body Assocham on Tuesday
suggested that FIIs should be charged a tax of two per cent of
their money pumped into the stock market to prevent further
rise of the rupee and also an asset-bubble.
Call it the effect of the Congress-led UPA govt or a hope of a revival for the Indian stock markets, the country has witnessed an inflow of nearly Rs 23,700 crore from overseas investors since the new term of PM Manmohan Singh.
Foreign Institutional Investors
raised their holdings in as many as 25 Sensex companies in the
first quarter of the current fiscal, riding on positive global
cues and a decisive verdict in the general elections.