Preliminary Examination: Current events of national and international importance.   Mains Examination:  General Studies III: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. What’s the ongoing story : AFTER HIKING  import duty on gold , the government and the Reserve Bank of India are learnt to be considering multiple measures to attract foreign investment inflows including a cut in the withholding tax rate on government bonds, if not completely eliminating it. Key Points to Ponder: • What is Withholding tax? • What is foreign portfolio investment (FPI)? • What is Foreign Direct Investment (FDI) • What is the difference between FDI and FPI? • What is the primary objective behind reducing withholding tax? • Why does Government wants greater foreign participation in the financial and debt market? • What are the benefits and risks of increased foreign portfolio investment in India?…