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Govt willing to consider suggestions on LTCG tax, says FM Sitharaman

Finance Minister Nirmala Sitharaman announced that the Indian government is open to suggestions regarding the long-term capital gains tax during consultations for the upcoming Union Budget. She made this statement at the Bloomberg New Economy Forum in New Delhi. Sitharaman highlighted ongoing discussions among investors about capital gains taxation and emphasized the government's commitment to a disciplined fiscal approach while prioritizing spending on welfare, education, and healthcare. Additionally, she addressed India's semiconductor strategy and the need for sustainable energy sources to support the growing demands of artificial intelligence and data centers.

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