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`Budget is not inflationary' — Transaction tax no impediment to stock market activities
ON a busy day after presenting the maiden Budget of the United Progressive Alliance (UPA) Government, the Finance Minister, Mr P. Chidambaram, took time off to share his views with Business Line on some of the finer aspects. He ...
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Chidambaram plays the popular tune — Tax breaks for farm sector and lower middle class
IF Mr P. Chidambaram's 1997-98 Union Budget was a `dream Budget', the one that he presented today can probably be called a `political budget', targeted primarily at the lower middle class, farmers and the Left. The Finance Minister has ...
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Thumbs down by markets
STOCK and bond prices crashed when frantic investors started a massive sell-off on realising what a blow the Finance Minister had dealt them in a "small 0.15 per cent transaction tax on every trade on the stock exchanges" as he put it. Stock ...
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Rs 2,000-cr cut in food subsidy
Higher offtake levels and lower procurement have helped the Government to cut food subsidy.
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`Tax on transactions to affect market depth'
STOCK market players have expressed concern over the introduction of tax on every transaction as they feel that this tax could lead to reduced volume on the bourses. Brokers also feel that this tax might lead to lower depth in the market, which ...
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