New Delhi, May 28 -- Veteran investor Vijay Kedia has made a fresh appeal to the Finance Minister Nirmala Sitharaman for reforms aimed at strengthening India's capital markets, this time calling for the removal of dividend taxation on listed equities.

This is the second request made by Kedia, with the first calling for the abolition of the long-term capital gains (LTCG) tax. His suggestions come at a time when the Indian stock market's leading bourses, Sensex and Nifty 50, are languishing due to the persistent foreign investor selloff, rupee weakness and oil price shock, along with the threat of earnings slowdown, and investor sentiment is weak.

Nifty 50 has lost 8% so far this year, putting it on track for its first annual loss after a...