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India: CTT may take a toll on commodities futures

Posted on 15 February 2013

The securities transaction tax (STT) has resulted in a shift in volumes from domestic to foreign markets. Nifty futures listed on the Singapore-based SGX rose multi-fold, while these fell on the National Stock Exchange (NSE).
For the government, reportedly considering a commodities transaction tax (CTT), this might well be a signal. Effective 2005-06, the government had introduced 0.125 per cent STT on delivery and 0.025 per cent on intra-day equities trade………………………………………..Full Article: Source


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