The title may have seemed quite click-bait to people, but I can assure you it is worth the time. During the COVID-19 situation, India missed an excellent opportunity to bring investment out of arrogance or surplus, thinking, we don’t need foreign direct investment. As a result, slowly increased the STT on the trades to check the F&O space, but didn’t do much for the LTCG, as it kept the LTCG gains. But as the saying goes history keeps on repeating unless the lessons are learned. So again, there is a tremendous opportunity for India. Most of the big financial institutions are sitting with surplus cash flow in their basket. Removing the LTCG for the next seven years gives you the advantage. Investments are pulling out of Dubai as it is no longer a safe heaven. Also, a lot of people are on the sidelines, of wait and watch. If you remove the LTCG now, funds will come and stay, you will get the required forex pumped in, help stop the sliding rupee only if the decision is quick. Also, it will take care of the crunch in the banking system if at all there is any. And to be honest, there is no shame in retracting policies that are favourable for the country. Also, the “What if? Shame of current government”; that shame you mean “sharam”, don’t worry about it. “I called sharam she said she will not come as long as non-biological is there.” :D :D