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

Finance Secretary Hasmukh Adhia said he will discuss the issue of fall in local markets with Finance Minister Arun Jaitley

Reuters  |  New Delhi 

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Photo: Shutterstock

The government will look into what it can do after a slump in local market reflecting global sell-off, the said on Tuesday.

Hasmukh Adhia said he will discuss the issue of fall in local with Finance Minister
 

When asked if the government will scrap or review the long-term which was introduced last week in Budget 2018, Adhia said the local are mimicking global weakness, "but the government will look into what it can do".
 

ALSO READ: Stock market plunge washes away nearly Rs 5 trillion investor wealth

Indian shares on Tuesday slid more than 3 per cent 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 later in the year. 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Tue, February 06 2018. 13:21 IST
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