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Gaurang Shah, Managing Director, Kotak Mahindra Old Mutual Life Insurance Limited

2008-02-29 19:10:37           

The proposal which may seem negative for the market at first glance - like the hike in short term capital gains will be accepted without much ado by market players. A great positive is that the government is focusing more on tax compliance than increasing tax rates. Using PAN is an effective tool in this regard.”

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