NEW DELHI: Finance Minister Arun Jaitley is likely to cope with the boards of markets regulator Sebi and Reserve Bank on February 10, a senior legit mentioned.
Soon after the presentation of Union Budget, it is a normal practice for the finance minister to handle the boards of the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI).
The Budget for 2018-19, which might also be the ultimate full price range by means of the prevailing NDA govt, is scheduled to be introduced on February 1.
A senior regulatory legit mentioned the finance minister is likely to cope with the boards of Sebi and RBI on February 10, especially on subjects related to the Budget.
Earlier, a number one stock brokers' team the Association of National Exchanges Members of India (Anmi) had advised the federal government will have to reduce GST on brokerages to 12 in keeping with cent in addition to scrap taxes on securities transactions and dividends.
Post GST, the load of taxation at the transaction fees has larger, the grouping had mentioned in a representation to the finance ministry.
It had asked the ministry to eliminate the securities transaction tax and abolish dividend tax for expansion of the capital markets.
According to the Anmi, the STT plays a damaging role in bettering liquidity and advent of depth in Indian capital marketplace.
Soon after the presentation of Union Budget, it is a normal practice for the finance minister to handle the boards of the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI).
The Budget for 2018-19, which might also be the ultimate full price range by means of the prevailing NDA govt, is scheduled to be introduced on February 1.
A senior regulatory legit mentioned the finance minister is likely to cope with the boards of Sebi and RBI on February 10, especially on subjects related to the Budget.
Earlier, a number one stock brokers' team the Association of National Exchanges Members of India (Anmi) had advised the federal government will have to reduce GST on brokerages to 12 in keeping with cent in addition to scrap taxes on securities transactions and dividends.
Post GST, the load of taxation at the transaction fees has larger, the grouping had mentioned in a representation to the finance ministry.
It had asked the ministry to eliminate the securities transaction tax and abolish dividend tax for expansion of the capital markets.
According to the Anmi, the STT plays a damaging role in bettering liquidity and advent of depth in Indian capital marketplace.
Arun Jaitley likely to address Sebi, RBI boards on Feb 10
![Arun Jaitley likely to address Sebi, RBI boards on Feb 10]()
Reviewed by Kailash
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January 21, 2018
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