Top 10 biz headlines: Tax on FPI, IT sector under stress, and more

From government's plan to issue sovereign bonds to DHFL crisis, Business Standard brings you the top headlines that mad news on Wednesday

No question of rolling back surcharge on FPI trusts, says Finance Ministry

The government has ruled out a rollback of the ‘super-rich’ tax on foreign portfolio investors (FPIs) organised as trusts or association of persons. The tax on such FPIs will yield an estimated Rs 400 crore, as against the overall revenue gain of Rs 12,000 crore from the surcharge. Read more here

PAN not linked to Aadhaar card will become invalid from September

The government will invalidate all PAN cards that are not linked to Aadhaar by September 1. At the moment 180 out of the