Respected @nsitharaman ji and @FinMinIndia ,
Suggestion 1 of 3 for strengthening India's capital markets:
Long-term capital gains tax on listed equities should be abolished.
A long-term shareholder is not a speculator but a provider of patient risk capital. By investing in and holding businesses, investors help companies expand, create jobs, innovate and contribute to India's economic growth.
India requires enormous amounts of long-term capital to build world class enterprises, infrastructure and global champions. Tax policy should encourage households to move savings from passive assets, including imported stores of value such as gold, into productive businesses that create jobs, generate tax revenues and build national wealth.
The appreciation in a company's value is not created in isolation. During its growth journey, the government already collects corporate tax, GST, income tax from employees, customs duties, stamp duties and numerous other levies. Long-term capital gains are often the final outcome of economic activity that has already generated substantial tax revenues.
Most importantly, tax policy should clearly distinguish between investment and speculation. A long term shareholder is a partner in wealth creation, not merely a participant in market transactions. Tax policy should reward long-term ownership of productive businesses and distinguish it from short-term speculation.
India needs more patient capital, more entrepreneurship and more long term investing. Abolishing long-term capital gains tax on listed equities would be a powerful step in that direction.
Respectfully submitted.
Raised this earlier—still no action. Are we waiting for a tragedy? A 33kW high‑voltage line is dangerously close to the houses. This is the situation in UP capital!
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@RajeshwarS73@aksharmaBharat@MVVNLHQ@UPPCLLKO
@theskindoctor13 यह तो मौसम विभाग की भविष्यवाणी की तरह है - "आज उत्तर प्रदेश में कहीं-कहीं, किसी किसी इलाके में, थोड़ी या ज्यादा, आंशिक रूप से बारिश होने की संभावना है"।।
Iran’s Fars news agency, citing a source, denies any contact with US President Donald Trump, “not even through an intermediary”, and claims he “backed down” after warnings Iran would target power plants. The claims could not be verified.
Al Jazeera’s Mohamed Vall reports.
This year’s education budget is 1,28,650 Cr.
Yet there is no website to check-
> how much funds this school got
> how that money was used
@PMOIndia create one portal for all govt schools with full data.
Kids are not getting even 0.01% of budget.
Bring real transparency now!
This year’s education budget is 1,28,650 Cr.
Yet there is no website to check-
> how much funds this school got
> how that money was used
@PMOIndia create one portal for all govt schools with full data.
Kids are not getting even 0.01% of budget.
Bring real transparency now!
@aravind@DietDrsayajirao Spot onn!!! Since last 10 years, I have completely skipped breakfast. My efficiency & energy levels are at maximum during the hours till lunch.
@ByRakeshSimha They didn't really buy the tickets. They booked the seats and kept the payment page inactive. This resulted in artificial shortage of seats availability for some time.