Losing $1 billion a day: Gurmeet Chadha urges PMO, Finance Ministry to revisit capital gains tax, STT

Gurmeet Chadha has urged the government to revisit capital gains tax and STT, citing sustained foreign capital outflows. He claims India is losing nearly $1 billion daily since July 2024. The remarks come amid heavy FII selling, rising tax burdens and concerns over weakening investor sentiment in Indian equity markets.