Market players want FM Sitharaman to rationalise taxes on equity

Issues relating to FPIs, AIFs, mutual fund industry figure in pre-Budget meeting

In the three-hour-long pre-Budget meeting with Finance Minister Nirmala Sitharaman, various stakeholders and regulators discussed key proposals including rationalisation in the tax rates on the equity markets, boosting the growth of certain categories of Alternative Investment Funds (AIFs) and alleviating the stress in the mutual funds industry.
 
Various concerns were raised in the meeting, which focussed on regaining confidence of domestic and foreign investors in the India’s capital market story, said two people in the know.
 
Sources said the government has sought opinion on the tax rates on equity products and also whether it is feasible to exempt