Market experts Samir Arora and Saurabh Mukherjea criticized the hike in long-term capital gains tax, arguing it could deter foreign institutional investors and impede the democratization of domestic markets. Arora emphasized India's reliance on foreign capital for private equity and highlighted that post-tax returns in India do not match the pre-tax allure, suggesting that the capital gains tax is a significant factor in the country's lagging market performance.
Moneycontrol Pro has achieved a significant milestone by surpassing 1 million subscribers since its launch in 2019. The platform, which grew tenfold in five years, has been praised by industry leaders like Nilesh Shah and Samir Arora for its quality research and user-friendly app, especially in a landscape filled with free content.
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