Moneywise

Out With FTTs

The Securities Transaction Tax will be abolished in the next Union Budget, but even that is too far away...

The Securities Transaction Tax, much disliked by India’s investing community, is on its way out. This is not a rumour and nor is it a leak. It’s based on a statement by no less an authority than Dr Manmohan Singh, at no less an occasion than the just-concluded G20 summit at Cannes in France. At the summit, he said clearly and unambiguously that a financi

This article was originally published on November 07, 2011.


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