US equity-index futures slipped 0.2% after the S&P 500 Index trimmed most of an advance that earlier approached 1%. Contracts for Australia, Japan and Hong Kong pointed to a loss. The dollar was steady in early trading Friday after a gauge of the currency’s strength weakened 0.4%.
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