ALSO READIndia sees growth picking up in coming fiscal year - Newsrise Budget to focus on rural areas after Modi's narrow victory at home - sources Pakistan's new finance chief targets tax reforms, touts rupee flexibility No question of closing down any bank, says DFS Secretary Printing of Budget documents begins with 'Halwa' ceremony
When asked if the government will scrap or review the long term capital gains tax which was introduced last week in the federal budget, Adhia said the local markets are mimicking global weakness, "but the government will look into what it can do".
Indian shares on Tuesday slid more than 3 percent and the rupee weakened as a global market rout whacked sentiment, adding to existing investor concerns ahead of a central bank meeting this week and a new capital gains tax later in the year.
(Reporting by Manoj Kumar; Editing by Malini Menon)
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