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  • News From Press Murthy moots easing tax environment for PE, VCs

    Murthy moots easing tax environment for PE, VCs

    Source: Business Standard Jan 21, 2016

    Infosys founder Narayan Murthy-led panel set up by the Securities and Exchange Board of India (Sebi) has recommended easing of tax norms to give a boost to the country's Alternative Investment Fund (AIF), such as private equity (PE) and venture capital (VCs).

    The report submitted by the 21-member panel suggested wide ranging changes with an aim to unlock domestic capital pools and to promote onshore fund management.

    The panel says streamlining of regulatory issues can see AIFs attracting flows to the tune of 2% of the country's GDP.

    The Murthy panel also is of the view that a thriving AIF industry is critical if the government's start-up policy has to succeed.

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