Economic TimesLean R·
FPIs, trading companies tap Sebi, centre for tax breather
Mumbai: Foreign portfolio investors ( FPIs) and Indian arms of international trading companies have urged the regulator and senior government officials to prune securities transaction tax (STT), which together with capital gains tax is a double whammy for investors.At a meeting with Securities & Exchange Board of India (Sebi) and officials of Department of Economic Affairs here on Wednesday, the high-frequency trading firms said that Reserve Bank of India's stern regulations on leverage wou…
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