Government sources tell CNBC-TV18 that Budget 2012 may have a few positive announcements for the equity market.
Among other things, CNBC-TV18 learns that STT, or securities transaction tax, may be rationalized. STT is a tax that is levied on all transactions done via a stock exchange, that is purchase or sale of equity shares, derivatives, equity oriented funds and equity oriented mutual funds. A cut in STT will boost investor demand and will lead to more participation in India
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