| From Commodityonline.com: The Associated Chamber of Commerce and Industry (ASSOCHAM) has mooted a proposal to the government to create a "Sovereign Fund", the proceeds of which will be utilised ot rescue and arrest possible volatility in doemstic capital market as also encourage it's orderly growth for a stable and progressive financial system.
ASSOCHAM said the seed capital for the fund can be established from the Security and Transaction Tax (STT), imposed on daily trading of capital markets...............................Full Article: Source
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