It's Budget month and just like last year, this year too, speculation is rife about the fate of the controversial securities transaction tax (STT). At their end, capital market participants want the Finance Minister to have a relook at the rate of STT to begin with. ...
11:30 AM, Feb 19, 2013
New Delhi: The Government on Friday lowered the securities transaction tax (STT) to 0.1 per cent, a move that will bring down costs of equity transactions. STT, which was introduced in 2004, is levied on the sale and purchase of equities. "In order to reduce transaction costs in the capital markets, I propose reduction in the STT by 20 per cent (from 0.125 per cent to 0.1 per cent) on...
02:15 PM, Mar 16, 2012
New Delhi: Stock exchanges on Tuesday pitched for abolition of the Securities Transaction Tax (STT) on equity trades at their meeting with Finance Ministry officials in New Delhi. The issue of removal of STT was raised by representatives of different stock exchanges, including BSE, National Stock Exchange, MCX-SX and USE. Besides, the officials of the market regulator Securities and Exchange Board of India (SEBI) were also present in the meeting....
09:18 PM, Feb 07, 2012
Many capital market reforms in pipeline with Finance Ministry. ...
04:10 PM, Jun 09, 2009
