Markets slump: Will govt scrap LTCG tax? Adhia says will 'look into' fixes


The government will look into what it can do after a slump in local market reflecting global sell-off, the finance secretary said on Tuesday. Hasmukh Adhia said he will discuss the issue of fall in local markets with Finance Minister Arun Jaitley.

  ALSO READ: MARKETS LIVE: Indices recover from day's low, Sensex, Nifty down 2.5% When asked if the government will scrap or review the long-term capital gains tax which was introduced last week in Budget 2018, Adhia said the local markets are mimicking global weakness,.

This article is no longer available in our repository.

There could be multiple reasons for this.