The removal of higher surcharge only benefits the FPIs as individuals, and domestic investors in the derivative market would continue to pay the additional impost.
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Mukherjee also said the GST needs more clarity and that some signs of a slowdown in the economy were visible since last year, leading to a lower GDP growth rate.
European leaders have also warned US President Donald Trump of the dangers of trade skirmishes with China and Europe, which look set to dominate the G7 summit due to begin in France.
