New Delhi, May 28 -- India's long-running debate over taxation of equity investments has once again returned to the spotlight after veteran investor Vijay Kedia made a direct appeal to Finance Minister Nirmala Sitharaman and the Finance Ministry to abolish long-term capital gains (LTCG) tax on listed equities.

In a post on X, Kedia argued that abolishing LTCG tax on listed equities could become a powerful signal that India wants to reward patient capital and entrepreneurship.

"India needs more patient capital, more entrepreneurship and more long term investing. Abolishing long-term capital gains tax on listed equities would be a powerful step in that direction," he said in the tweet.

The debate over LTCG tax has remained contentious ev...