Retail investors remain wary of equities post the heavy loss they faced during the recession of 2008. Confidence still remains weak and hence their participation at the bourses. While analysts say the proposed cut in Securities Transaction Tax (STT) will be fodder to lure investors, Madhu Kannan, managing director and chief executive officer of the Bombay Stock Exchange tells CNBC-TV18 that it remains a major challenge for the market to get back retail participation. He says that a timeline for STT revision was not in the agenda during talks with the Finance Ministry.
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