08.09.2011 - Market honcho proposes SWF to boost equity investment
Can the creation of a sovereign wealth fund (SWF) by the Indian government, which will buy stocks listed on domestic exchanges, shore up confidence of local investors? It can, or so feels Gagan Randev, CEO of Religare Securities. Speaking at a Ficci conference on capital markets, Randev suggested that corpus of the SWF could be the securities transaction tax (STT) and capital gains tax collected by the government from investors..............................................Full Article: Source
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