From The Hindu
Center-Left Owned by Kasturi & Sons Ltd.FPIs pull out ₹34,843 crore from Indian equities in October, but turn net buyers end of the month
What's behind this
India’s capital gains tax regime has undergone several changes over the decades, from its abolition in 1949 to the removal of LTCG tax on listed equities in 2004 and its reintroduction in 2018. SBI Research notes that eliminating the long‑term capital gains tax could cause a modest revenue decline of Rs 40,000‑50,000 crore in FY28, but the government has fiscal headroom to absorb the loss. The research suggests reforms such as raising exemption limits and introducing lower tax rates for longer holding periods.
AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
-
left · 1 outlet
The recent improvement in flows signals a shift in near term sentiment, but one week of buying does not necessarily indicate a sustained reversal, market experts say
RSS excerpt
The recent improvement in flows signals a shift in near term sentiment, but one week of buying does not necessarily indicate a sustained reversal, market experts say
