Will Budget bring LTCG, STT relief? Here’s what FM Nirmala Sitharaman said

 Union finance minister Nirmala Sitharaman addressed potential changes to long-term capital gains tax during the budget preparations. SBI Research suggested abolishing LTCG tax on equity investments to stabilize foreign capital flows. Additionally, she emphasized investment opportunities in infrastructure, semiconductors, and renewable energy as India’s economic fundamentals remain strong. The Reserve Bank of India is focused on reducing rupee volatility rather than fixing its value. Union finance minister Nirmala Sitharaman addressed potential changes to long-term capital gains tax during the budget preparations. SBI Research suggested abolishing LTCG tax on equity investments to stabilize foreign capital flows. Additionally, she emphasized investment opportunities in infrastructure, semiconductors, and renewable energy as India’s economic fundamentals remain strong. The Reserve Bank of India is focused on reducing rupee volatility rather than fixing its value.