Finance Minister Sitharaman Opens Door to Feedback on Capital Gains Tax; Defends Fuel Price Hikes Amid Global Crude Surge
मुख्य बातें
- •Finance Minister Nirmala Sitharaman said the government is open to suggestions from investors on LTCG and STCG tax policies amid market concerns
- •Petrol and diesel prices have risen by nearly ₹7.5 per litre in four instalments since mid-May due to rising global crude prices
- •Sitharaman defended fuel price hikes, citing government absorption of earlier price shocks worth nearly ₹1 lakh crore
- •She cautioned against fearmongering amid West Asia tensions and warned of forex pressure from rising crude prices
- •Sitharaman highlighted the “three Fs”—fuel, fertiliser, and forex—as key economic challenges facing India
Union Finance Minister Nirmala Sitharaman on Monday signalled the government’s willingness to engage with stock market stakeholders on concerns surrounding the taxation of capital gains. Speaking to reporters on the sidelines of the TEXPROCIL Export Awards event, Sitharaman stated that the Centre remains receptive to feedback from investors and market participants regarding the existing framework for Long-Term Capital Gains (LTCG) and Short-Term Capital Gains (STCG) taxes. “On this specific issue, and on any issue, we are always ready and willing to listen to the people. We will certainly take their inputs,” she said, as quoted by news agency ANI. Her remarks come at a time when market participants are increasingly vocal about the potential impact of capital gains taxation on investor sentiment and participation in equity markets. LTCG tax applies to profits earned from investments held for longer durations, whereas STCG tax is levied on gains from assets sold within a shorter holding period.
