- Tax relief attracts foreign debt investment to India, while Fed rate hikes could renew pressure on the Indian currency.
- The regulator SEBI proposes tax relief measures to boost foreign investment and improve market attractiveness in India.
SEBI Recommends Scrapping LTCG Tax for Foreign Investors
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The Securities and Exchange Board of India recommended scrapping the Long-Term Capital Gains (LTCG) tax for foreign investors. This proposal comes as Foreign Portfolio Investors (FPIs) recorded net inflows of Rs 76,188.75 crore into Indian equities between November 3 and November 13. These inflows represent a sharp turnaround following net equity outflows in September and October.
From moneycontrol.com
Why it matters
The proposal is part of efforts by the Securities and Exchange Board of India to improve market attractiveness and boost foreign investment in India. Media reports suggest that expectations of a possible reduction in the tax burden on foreign investors may have contributed to the recent improvement in market sentiment.
The regulator Securities and Exchange Board of India proposes tax relief measures to boost foreign investment and improve market attractiveness in India.
From moneycontrol.com
Who's involved
- Securities and Exchange Board of IndiaRegistration authority
- Jio PlatformsRegulated by Securities and Exchange Board of India regarding its IPO process
- Vedanta LimitedOperates under and is regulated by Securities and Exchange Board of India regarding its market activities
- Reserve Bank of IndiaCoordinates with Securities and Exchange Board of India on market reforms and co-regulates financial products
- Pension Fund Regulatory and Development AuthorityShares responsibility for regulating financial products with Securities and Exchange Board of India
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ZerodhaSpeculative
Zerodha might experience increased brokerage revenue and trading volume if the tax recommendation boosts FPI inflow.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Tax relief proposal may increase capital flows monitored by RBIIncreased foreign capital inflows may affect the Reserve Bank of India's stability monitoring.Possible
- Tax relief proposal may boost Zerodha's trading volume and revenueZerodha may benefit from increased trading volume if tax relief attracts foreign investorsPossible
- Bajaj Finance could benefit from tax relief boosting foreign investmentIncreased foreign investor interest may boost demand for Bajaj Finance.Possible
Keep exploring
The entities involved
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Securities and Exchange Board of India
registration authority
Related events
- SEBI proposes tax relief for domestic investors following investor meetings.
- Bosch adheres to Securities and Exchange Board of India regulations.
- SEBI introduced margin requirements and STT while regulating financial markets in India amidst intensifying competition.
- SEBI proposed tax changes for Indian equities, with HDFC Securities providing financial services and the Government of India retaining final decision.
- The Reserve Bank of India engages a former member of the Securities and Exchange Board of India in a committee.