SBI Research urges scrapping LTCG tax on equities
In short
SBI Research has called for scrapping the long-term capital gains tax on equities. It says the change could attract longer-term foreign money and help foreign currency inflows into India.
This matters because record FPI outflows are putting pressure on markets. The reporting does not say whether policymakers will accept the proposal.
What the reporting says
SBI Research proposed scrapping the long-term capital gains tax on equities amid record FPI outflows, according to the headline and summary provided. The lender’s research arm said the change would encourage longer-term foreign investment and strengthen foreign currency inflows into India. The available reporting does not state whether the proposal has been adopted or what immediate policy response, if any, followed.
Why it matters
SBI Research proposed removing the long-term capital gains tax on equities amid record FPI outflows. The research arm argues the move could encourage longer-term foreign investment and improve foreign currency inflows into India. The story affects investors, policymakers and equity markets, but the reporting does not state any government decision or market reaction.