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Edelweiss urges India to scrap foreign capital gains tax
Negative-1
GreyOak summary
Edelweiss Chairman Rashesh Shah urged the Indian government to remove capital gains tax on foreign investors to revive the stock market. He noted that net foreign outflows exceeded $28 billion this year, though recent inflows of over $5 billion helped drive a 10% market rebound. Shah estimates domestic inflows could reach $60-80 billion annually, supporting future IPOs.
What it affects
- Union Budget and taxesNegative -1
Foreign capital gains tax urged to be scrapped.Rolling sentiment Positive +43
Edelweiss urges tax exemption for foreign investors.Rolling sentiment Neutral +9
Source
Read the original at BusinessLineMore Edelweiss Financial Services news
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