In a bid to attract foreign investors and anchor retail investors within domestic equity markets, the Securities and Exchange Board of India (SEBI) has recommended the removal of the long-term capital gains tax (LTCG) on foreign investors, as per a source-based report by Reuters. The suggestion has been made to retain FIIs as India aims to revive its subdued equity markets, the Reuters report added. Just to remind our readers, this is a source-based report by Reuters, and there is no official confirmation of this. FinancialExpress.com will update with all the latest information as soon as there is an update.