FM comments spark hopes of STT changes

Hopes among investors and equity bourses of a reduction in the securities transaction tax (STT) have recieved a further boost, with some even expecting that the government might abolish the tax on delivery-based transactions in the cash segment. This is after Finance Minister P Chidambaram’s remarks on Saturday that the government was considering measures to increase the percentage of delivery-based trades in the market and also steps to curb the shift in trading volumes to overseas markets.


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