Vikas Khemani has slammed Govt's proposal to exempt FIIs from LTCG while retaining the tax on domestic investors. He pointed out that it is the domestic investors who have bailed out the Market over past 10 years by absorbing the relentless selling by FIIs. It is unfair to tax us
The FM was right !!
The domestic investors are nothing but shock absorbers.
Shock from draconian policies, shock from seeing their money spent on freebies, shock from taxation, shock from the sheer audacity of the FM! We just exist to absorb the shocks!
Tax She and Modi Govt increased.
> LTCG from Zero to 12.5%
> STCG from 15 to 20%
> STT from 0.05% to 0.15% in F&O
> Debt funds indexation removed and taxed at slab rate that is as high as 39%
> SGB secondary market taxed
> 10% Surcharge introduced at 50L from 1cr
> Dividend taxed at slab rate
> PF interest above 2.5L taxed at slab rate
> Health and education cess increased from 3% to 4%
So better you don't talk about your work. No one should be proud of the lies and incompetency.
I have one suggestion.
Put a straight 50% tax on all the political donation as it is not accrued by any effort of the political parties.
If you save money after giving taxes and generate returns then it will be taxed. This gains will help you for your future.
But the same money if you donate it to political parties then you will get the tax back.
How irony is this!
Personal financial planning is taxed and political party donation for TV, Alcohol, buying votes is not taxed.
Raghav Chadha ji. Time to discuss this with FM Madam since you are on the decision making side now 🔥🔥🔥
Zero LTCG for Long Term Patient Capital. Hope you will take this up.
@raghav_chadha ji !!!
#FI
This is because many Furus have stared to spread panic among investors that Nifty largecaps are ready to be derated towards 10PE, same like China and Japan.
@nsitharamanoffc@nsitharaman@PMOIndia
Please raise STT to 50% on sell side and also increase Capital Gain tax to 50%. Also you may introduce Long Term Capital Loss Tax and Short Term Capital Loss Tax. So that people won’t sell.
For more such tax tips, please follow me
“Most investors probably have very positive views on long-term investment in India, but they worry about the inconsistent application of taxes” - Jamie Demon, JPM
From LTCG removal & STT introduction in 2005 to bringing back LTCG , hiking LTCG , STCG, STT every now & then , the taxes jump like monkey 🙈 Don’t even talk about import duty on Gold & Silver
https://t.co/7KbjxOfDIj
If we are growing so fast, why are there no jobs and no FII investment. Don’t play with numbers, there is a risk of losing our demographic dividend.
—Raghuram Rajan, former RBI Governor
GDP is 7.8%.
GST is ₹2 lakh crore.
Inflation is “in the band.”
Then why is the market still dead?
Because the tape doesn’t care about the press conference.
Sensex is around 76,900.
Nifty is around 24,050.
Down on the year.
Red in August.
Foreign money still walking out.
Now look at the three knives.
1. CAS.
Closing Auction Session. Live from 3 August.
Built to “improve” the close.
What it did:
Sensex indicative price dropped ~2,000 points in minutes on monthly expiry.
74,983 on the screen. Then a bounce. Then a close that still lost 539 points.
Options went 40x in five minutes.
A 75,000 put exploded thousands of percent. Then died.
SEBI already named two entities for allegedly gaming the window.
Cash volumes fell to a five-month low.
Traders said the quiet part:
six hours of trading don’t matter.
The last 10 minutes decide if you live.
Price discovery became a lottery.
That’s not a market.
That’s a closing casino with a regulator’s stamp.
2. STT.
From 1 April 2026:
Futures: 0.02% → 0.05%.
Options: 0.10% → 0.15%.
Exercised options: 0.125% → 0.15%.
Delivery still taxed on both sides at 0.1%.
You pay to enter.
You pay to exit.
You pay again if you use futures.
You pay more if you use options.
Liquidity is a tax farm now.
High-frequency desks leave.
Arbitrage thins.
Spreads widen.
Retail still gets the bill.
3. Capital gains.
Short term: 20%.
Long term: 12.5% after ₹1.25 lakh.
No indexation.
Rupee can fall 5% and you still owe tax on a “gain” that was a dollar loss.
India is one of the few big markets that still taxes foreign equity profits like this.
FIIs already sold more in 2026 than they sold in all of 2025.
Ownership is near multi-year lows.
DIIs are the airbag.
An airbag is not an engine.
So stop posting 7.8% like it is a buy signal.
Growth can print.
Tax can print.
The index can still choke
if the close is a trap,
if every trade is a levy,
if global capital can earn more
in a market that doesn’t tax the exit
and doesn’t smash the last 10 minutes.
That’s why the market is not performing.
Not because Indians stopped working.
Because the rules made staying expensive and leaving rational.