| India's trading volumes of gold, silver and metal derivatives have fallen by more than a third since the imposition of a commodity transaction tax a week back, exchange data showed on Tuesday.
The finance ministry imposed a 0.01% tax on the trading of all non-agriculture and some agriculture commodity derivatives on July 1 to boost revenues, government officials have said. Stock investors are already paying a similar tax, they said. Commodity exchange officials say the tax has added costs and reduced the incentive for participants to hedge their price risks through trading in derivatives...............................................Full Article: Source
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