Edelweiss Chief Advocates for Scrapping Capital Gains Tax for Foreign Investors

• Rashesh Shah, Chairman and Managing Director of Edelweiss Financial Services, advocates for the removal of long-term capital gains tax for foreign investors in India.
• Shah made his comments during an interaction with Bloomberg TV's Haslinda Amin and Menaka Doshi.
• He believes reducing complexity and paperwork, including tax regulation, is necessary to attract foreign investors.
• Shah's proposal aims to showcase India's openness to foreign investment.
• The suggestion is part of broader discussions on simplifying tax regulations for foreign investors.