In a chat with ET Now, ace investor Rakesh Jhunjhunwala says Mauritius treaty will be forgotten tomorrow and in time, Indian money will outnumber foreign currency. Edited excerpts
ET Now: What do you think will be the impact of the Mauritius treaty on the market? Are there going to be litigations?
Rakesh Jhunjhunwala: If you have Rs 15lakh on an entity in Mauritius, you will be treated as a Mauritius entity, nobody can question you. Therefore, there will be no foreign litigation also. So as I term it, it is a sensible act of a sensible government.
ET Now: We are talking about the change in tax regime. You emphasised that the litigation will now be completely done away with. So is the suspense over and can you breathe easy?
Rakesh Jhunjhunwala: It is. Another very important p ..
