Edelweiss chair says India should scrap tax on foreign investors
In short
Rashesh Shah of Edelweiss said India should remove the capital gains tax on foreign investors.
He said that could help revive the stock market, bring in more foreign money and support the rupee.
What the reporting says
Edelweiss Financial Services Chairman and Managing Director Rashesh Shah said India should consider removing the capital gains tax on foreign investors to help revive the stock market. He said the move could boost inflows and support the local currency, adding to calls for an exemption. The comments were reported by Mint Markets and are presented as a market policy view, not a government decision.
Why it matters
Rashesh Shah, chairman and managing director of Edelweiss Financial Services, said India should consider scrapping the capital gains tax on foreign investors. He argued that such a move could revive the stock market, increase inflows and support the local currency. The story reflects a market-policy call from a prominent financial executive rather than an announced government change.