Masala bonds to be more spicy Government is planning to remove or cut down taxes on masala bonds. For all those who don’t know what masala bonds are, these are rupee denominated bonds issued outside of India. In other words these are bonds for foreign investors to invest in Indian business. Now what bugs me is that, a person with little knowledge of finance and tax, I feel it’s a stupid move. Let me break it down. Whenever a foreign investor is investing in your country, he/she is doing it not to uplift the contry’s economy or they feel your country is poor or help country in growing, prospering. Its pure investment for them, they see potential for their funds to gain capital over the years. Giving tax relief for them is just another way to say, hey you are earning so much from your investment, and here is a little Diwali bonus for you on the tax. Don’t worry I have increased taxes on my own people, let them strive a little more than usual. Not that I care about how much these i...