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FM’s stimulus package a non-event for the market

The market needed steroids and what the FM delivered are homoeopathic medicines

May 18, 2020 / 09:15 AM IST
FM’s stimulus package a non-event for the market

    The normal list of expectations from equity market stakeholders that are floated before every budget was again doing the rounds as the finance minister unveiled her stimulus package over five days. Removal of long-term capital gains and Statutory Transaction Tax (STT) were among the expectations. But like every budget, the finance minister not only ignored the demands of the market in her stimulus package but did not find them important enough to be mentioned in her speech. A gap opening...

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