Vikas Khemani, Founder of Carnelian Asset Management, points out the peculiarity of having both capital gains tax and Securities Transaction Tax (STT) in India. He suggests eliminating one tax to make it fairer. He also mentions expectations for a reduction in personal income tax and the importance of the fiscal deficit and capex spending in the upcoming Budget.
India’s weight in global emerging-market ETFs rises again
India’s weight in major global emerging-market ETFs has begun to recover recently. This rise follows a steady decline over the past year, showing improved performance.