Business · 27 Oct
తగ్గనున్న ఎల్టీసీజీ?
AI summaryThe central government is considering reducing the Long-Term Capital Gains (LTCG) tax on stocks to attract foreign portfolio investors (FPIs) and make Indian equity markets more competitive globally. A senior government official stated that meetings are being held with market regulators and business groups, with a decision expected in the coming weeks, potentially to be implemented in next year's budget. The government is particularly concerned about a massive withdrawal of foreign investments and the impact of a depreciating rupee.
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