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India raises taxes to curb retail frenzy in equities trading

The Straits Times LogoThe Straits Times3h ago

India raises taxes to curb retail frenzy in equities trading - The Straits Times

Quick Summary:

Indian equities are set for a ninth straight year of gains, boosted by its tag of the world’s fastest-growing major economy, a gush of local money and strong corporate profit growth.

To cushion the impact on small investors, the exemption limit for capital gains eligible for tax exemption has been raised to 125,000 rupees from 100,000 rupees earlier.

Traders are awaiting the recommendation of a panel set up by the Securities and Exchange Board of India last month to suggest ways to improve investor protection in the derivatives segment.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 11:38:42 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 676 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21759113

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About The Straits Times

The Straits Times Logo

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 17 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 4 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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The story "India raises taxes to curb retail frenzy in equities trading" was covered 3 hours ago by The Straits Times, a news publisher based in Singapore.

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  • URL: https://beamstart.com/news/india-raises-taxes-to-curb-17217976336448

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