New finance act: The downside for investors on withdrawal of tax nudges

The revised tax regime in India has left investors confused about which regime to choose and where to invest. The new regime removes long-term capital gains and indexation benefit on debt, international, and gold funds, leading to a lack of awareness about retirement planning and increased risk associated with low-rated bonds. The government should consider introducing tax benefits on all market-linked debt instruments like debt funds and insurance plans to encourage people to save and protect i...