Finance minister Nirmala Sitharaman stuck to her budget proposals and declined to relent on the demand by foreign portfolio investors (FPIs) structured as trusts that they be exempted from a higher surcharge. The government believed that the richest should contribute more to society and nation building. Rakesh Nangia, Managing Partner and Sunil Gidwani, Partner- Financial Services share their views on aforementioned story for following publications: Economic Times- Front page story Livemint- Front page story New Indian Express Financial Express- Front page story Telegraph PTI (PTI News has been picked up by 45 other news publications including Business Standard, Business Today, , Firstpost etc.) fm-sticks-to-proposals-no-relief-to-fpis-in-trust-form-sunil-gidwani