{
  "id": 14217840,
  "title": "Debate on LTCG, market taxes ‘healthy’, ‘keen’ to hear about it: FM Sitharaman",
  "url": "https://urgent.news/2026/10/13/debate-on-ltcg-market-taxes-healthy-keen-to-hear-about-it-fm",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T14:01:38.000Z",
  "source": {
    "name": "The Indian Express",
    "slug": "the-indian-express",
    "url": "https://indianexpress.com/article/business/ltcg-tax-debate-nirmala-sitharaman-market-rally-10920113/"
  },
  "original_language": "en",
  "account": "Finance Minister Nirmala Sitharaman encouraged debate on the long-term capital gains (LTCG) tax during a speech at the Bloomberg New Economy Forum on Tuesday. She expressed her openness to hearing about the topic, stating it is \"healthy\" and a \"keen\" area of interest. Sitharaman also reassured that the Reserve Bank of India (RBI) would continue to stabilize the rupee, but not \"fix\" its level. When asked about foreign investors waiting for the removal of capital gains tax to invest in India, she mentioned that budget work for 2027-28 has begun, making it an inappropriate time for her to comment on potential changes. The finance ministry initiated pre-budget meetings on October 12, with the Union Budget typically presented on February 1. In her remarks, Sitharaman noted that both domestic and foreign investors frequently discuss the LTCG tax and other market taxes, including the Securities Transaction Tax (STT). This debate has been ongoing for years, with the previous government unifying asset classes to prevent speculation and potential investor leverage. Ghosh, State Bank of India’s Group Chief Economic Adviser, suggested enhancing flows of patient capital in debt and equities and adjusting the tax and capital gains structure to better support capital flows. Foreign Portfolio Investors (FPIs) have continued to sell Indian shares and bonds, netting $14 billion so far this fiscal year, despite favorable macroeconomic factors. Sitharaman affirmed the RBI's ongoing efforts to stabilize the rupee and acknowledged the significant depreciation of the currency over the past year and a half, attributing much of it to external factors beyond India's control.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "Sitharaman’s LTCG, STT remarks lift market sentiment; rupee gains for third straight session",
        "url": "https://urgent.news/2026/10/13/sitharamans-ltcg-stt-remarks-lift-market-sentiment-rupee-gains-for",
        "published": "2026-10-13T14:51:56.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}