Edelweiss Chairman Suggests Scrapping Equity Tax on Foreigners
· Business · Bloomberg, LiveMint
Rashesh Shah, Chairman and Managing Director of Edelweiss Financial Services Ltd., has suggested that India should consider removing the capital gains tax imposed on foreign investors. This recommendation aims to help revive the country's stock market. The move is proposed as a measure to attract more foreign investment into Indian equities.
Why it matters
Removing the capital gains tax on foreigners could boost foreign investment in India's stock market, potentially strengthening the economy. This policy change would directly impact foreign institutional investors and the overall liquidity of Indian equities.
Read the original report — Bloomberg
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.