25.11.2009 - India government should form sovereign fund to arrest stock mkt volatility: Assocham

From Indiatimes.com: Industry chamber Assocham suggested that the government should create a sovereign fund out of the money collected through Securities Transaction Tax and use the corpus to arrest volatility in the stock market, fuelled especially by FIIs. "The fund can be raised from Security and Transaction Tax, imposed on daily trading of capital markets," it said..............................Full Article: Source

Print