CEA Nageswaran Hints at Capital Gains Tax Review, Major PSU Disinvestment Ahead
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News18•30-01-2026, 21:19
CEA Nageswaran Hints at Capital Gains Tax Review, Major PSU Disinvestment Ahead
- •Chief Economic Advisor V. Anantha Nageswaran suggests scope for improving capital gains tax structure, especially for debt instruments, to strengthen capital markets.
- •Economic Survey proposes reducing government stake in PSUs to 26% with 'special proposal rights', aligning with the 2021 disinvestment policy to boost non-tax receipts.
- •Nageswaran warns against large state-led 'cash transfers', citing concerns about financial health, work ethic, and long-term sovereign borrowing costs.
- •Indian Rupee's performance is linked to India-US trade talks; a resolution could improve foreign investor perception and strengthen the currency.
- •New 'Disciplining Swadeshi' mantra emphasizes quality and global competitiveness for Indian industries, with protection tied to productivity and export capability.
Why It Matters: CEA Nageswaran signals potential capital gains tax reforms, significant PSU disinvestment, and cautions against freebies.
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