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We have hostile FM, RBI harasses investors: Pai as Goyal criticises startups
short by Ashley Paul / on Friday 4 April, 2025
Infosys ex-CFO Mohandas Pai reacted to Union Minister Piyush Goyal's remark stating Indian startups lag behind foreign competitors, saying, "It's easy to point fingers." "We have a hostile Finance Minister who harassed startups on Angel Tax...doesn't allow endowments to invest," he wrote while tagging Nirmala Sitharaman. "RBI regularly harasses overseas investors...treats them badly," he added.