South African Sanlam's $111 million share purchase in an Indian firm has drawn attention to the appeal of the country's QFI scheme, offering foreign investors quicker time to market.
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Despite unresolved issues over tax compliance, India has seen net foreign investor inflows return with a vengeance. Market players say several factors are behind the turnaround.
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Tax experts and investors say draft guidelines on India’s controversial anti-tax evasion rules could be used indiscriminately by tax officers.
