business

Cut in STT will be relief to market players: Deena Mehta

The finance ministry is mulling a proposal to do away with or significantly water down the securities transaction tax (STT), a levy that fetches the government over Rs 7,000 crore a year. According to Deena Mehta, managing director of Asit C Mehta Investments, the government needs to act to improve volumes and market sentiment

first published: Sep 27, 2011 11:17 am