Have India's tax avoidance treaties with Cyprus, Mauritius already started giving results?
The data showed that there has been a constant decline in investment in P-Notes (including equity, debt and derivatives market) starting from January 2016. P-Notes stood at 10% range for almost three months from Jan-March, 2016. This has now even dropped to 9.2% in May 2016 to Rs. 2.15 trillion.
Where P-Notes were almost around 55.7% to Rs.3.67 trillion during the time of last stock market bull run, in June 2007. Photo: Pixabay