Abolish LTCG, rationalise STCG, STT rates on equities: PHDCCI to Finance Ministry

Economic Times - Oct 29, 2026

PHDCCI has recommended abolishing Long Term Capital Gains tax and modifying short-term capital gains taxes. The chamber suggests increasing the holding period for long-term investments to attract genuine investors. It emphasizes that current tax structures discourage investment due to double taxation on equities. Foreign Portfolio Investors have withdrawn significant funds from Indian equities, impacting investment levels. Government analysis of these recommendations may lead to changes in tax policy and structure.

Read full article

More News

No UP govt job if you back organisations advocating violent 'regime change': New rules explain what could get candidates disqualified

Oct 29, 2026

No UP govt job if you back organisations advocating violent 'regime change': New rules explain what could get candidates disqualified

The Uttar Pradesh government has tightened character verification rules for direct recruitment to government jobs, making individuals associated with organisations that advocate changing the existing social system through violence ineligible for appointment. The order clarifies that political ideology alone, an FIR or a pending investigation cannot automatically disqualify a candidate.

IMF proposes China’s Min Liao as deputy managing director, Bo Li to exit in November

Oct 29, 2026

IMF proposes China’s Min Liao as deputy managing director, Bo Li to exit in November

The International Monetary Fund has nominated Min Liao, China’s Vice Minister of Finance, for Deputy Managing Director. His appointment follows the term expiration of Bo Li, which ends on November 30, 2026. Liao has extensive experience in financial regulation and macroeconomic governance, contributing to global economic policy coordination. He has played significant roles in various financial institutions since beginning his career.

Jensen Huang lists three countries that may lead manufacturing and advanced technology, and neither US or India are in that list

Oct 29, 2026

Jensen Huang lists three countries that may lead manufacturing and advanced technology, and neither US or India are in that list

Nvidia CEO Jensen Huang has named Germany, Japan and China as three countries with strong positions in advanced manufacturing, citing China’s integration of computing and industrial production. He also said US export restrictions had accelerated China’s semiconductor ambitions, while maintaining that American technology companies were prepared to compete globally.

China promotes General Zhang Shengmin to Politburo

Oct 29, 2026

China promotes General Zhang Shengmin to Politburo

Beijing has promoted General Zhang Shengmin, the key player in the recent anti-corruption fight that cut deep into the military’s top leadership, to its top decision-making body, the Politburo. More to follow...

Hegseth pitches new US-Asean defence framework, but doubts run deep

Oct 29, 2026

Hegseth pitches new US-Asean defence framework, but doubts run deep

What are Southeast Asian nations doing to help the United States tackle its challenges? A reporter with the American right-wing organisation Turning Point USA put the question bluntly to US President Donald Trump’s defence chief this week in the Philippines. As US Defence Secretary Pete Hegseth pitched closer naval ties and maritime security cooperation at a gathering of defence ministers from the Association of Southeast Asian Nations (Asean) and other regional powers, the question injected...

Abolish LTCG, rationalise STCG, STT rates on equities: PHDCCI to Finance Ministry

Oct 29, 2026

Abolish LTCG, rationalise STCG, STT rates on equities: PHDCCI to Finance Ministry

PHDCCI has recommended abolishing Long Term Capital Gains tax and modifying short-term capital gains taxes. The chamber suggests increasing the holding period for long-term investments to attract genuine investors. It emphasizes that current tax structures discourage investment due to double taxation on equities. Foreign Portfolio Investors have withdrawn significant funds from Indian equities, impacting investment levels. Government analysis of these recommendations may lead to changes in tax policy and structure.

Passengers who paid £172,000 for 'forever' luxury cruise hit out as their journey suddenly ends

Oct 29, 2026

Passengers who paid £172,000 for 'forever' luxury cruise hit out as their journey suddenly ends

MV Odyssey passengers are now stranded in Cambodia after being given seven hours notice to disembark

Manchester CEO defends sacking over half his staff for AI as 'it saves £100,000 a year and does a better job'

Oct 29, 2026

Manchester CEO defends sacking over half his staff for AI as 'it saves £100,000 a year and does a better job'

Tech boss Rob Illidge says the technology handles repetitive tasks more efficiently

Portland Street leak LIVE as major travel disruption to last DAYS with Piccadilly Gardens station shut off

Oct 29, 2026

Portland Street leak LIVE as major travel disruption to last DAYS with Piccadilly Gardens station shut off

Passengers are warned to expect disruption again on Thursday

85 homebuyers purchase flats in Ghaziabad society, two towers illegally constructed on defence land face demolition, Allahabad HC orders builder to refund residents with 10% interest

Oct 29, 2026

85 homebuyers purchase flats in Ghaziabad society, two towers illegally constructed on defence land face demolition, Allahabad HC orders builder to refund residents with 10% interest

Allahabad High Court has ordered the demolition of two illegal 10-storey towers at Ghaziabad's Gulmohar Greens and extra floors in four other towers. It directed an FIR against Friends Land Developers, imposed a Rs 25 lakh penalty and ordered refunds to 85 ground-floor residents for common areas sold illegally, with 10% interest.

In 2026, Texas deployed 400 tons of concrete railroad ties off Port O’Connor; the material was arranged into two piles at an artificial reef site

Oct 29, 2026

In 2026, Texas deployed 400 tons of concrete railroad ties off Port O’Connor; the material was arranged into two piles at an artificial reef site

In April 2026, Texas took a significant step by deploying 400 tonnes of concrete railroad ties to form two artificial reef piles. This project is designed to transform the flat bottom of the Gulf into a thriving habitat for marine life. Researchers are closely examining how these artificial reefs influence fish communities, with valid concerns about potential fish migration from other regions.

‘There are discoveries to be made’: Metal detecting enthusiasts invited to explore Kent’s buried treasures

Oct 29, 2026

‘There are discoveries to be made’: Metal detecting enthusiasts invited to explore Kent’s buried treasures

Kent’s past and remarkable archaeological discoveries will take centre stage at an event for history lovers and metal detecting enthusiasts.

Recommended

The Diva Today

Hottest news updates in Hollywood. Discover more on your favorite celebrities and get closer to them only here in The Diva Today.

Press
Terms
Privacy Policy
Advertisement
Contact

Copyright © 2015 - 2026 The Diva Today. All Rights Reserved.