8) Recently, the Indian government issued notices to foreign institutional investors (FIIs) to extract Rs 40,000 crore from them under a law called minimum alternate tax (MAT). Critically examine why this law was enacted and what are its objectives. Also examine why some economists regard this law as bad and unwanted.

Topic: Resource mobilization

8) Recently, the Indian government issued notices to foreign institutional investors (FIIs) to extract Rs 40,000 crore from them under a law called minimum alternate tax (MAT). Critically examine why this law was enacted and what are its objectives. Also examine why some economists regard this law as bad and unwanted. (200 Words)

Business Standard

Reference