Cops, I-T And GST Officials Under ED Lens For Allegedly Aiding Cyber Fraudsters: Report
RBI is in focus in a taxation development.
· NDTV Profit
The cash was taken out and swapped for foreign currency through RBI-licensed dealers.
The analysis
This is a Tax / tariff / duty event. Duty and incentive changes reset landed cost and competitive position immediately, and unlike demand shifts they arrive on a known date.
Why it matters
- Tax changes flow through to post-tax earnings and can shift the relative appeal of entire asset classes.
- With RBI, GST Council involved, this carries a regulatory dimension that can outlast the immediate market reaction.