Edelweiss urges India to scrap foreign capital gains tax
In short
Edelweiss has asked India to remove long-term capital gains tax for foreign portfolio investors on listed shares. The move was reported as part of a wider push by dozens of market participants.
It could make Indian stocks more attractive to overseas investors and help revive market activity, if the government accepts the request.
What the reporting says
Edelweiss has urged India to exempt foreign portfolio investors from long-term capital gains tax on listed equities to revive markets. The call was reported alongside a push by dozens of market participants for the same relief. The proposal is aimed at making Indian shares more attractive to overseas investors and supporting market activity.
Why it matters
Edelweiss has joined a broader push for the Indian government to exempt foreign portfolio investors from long-term capital gains tax on listed equities. The reported aim is to revive markets by improving the appeal of Indian shares to overseas investors.