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

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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.