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Modi hints at higher tax from the stock market

Published 12/26/2016, 04:08 AM
Updated 12/26/2016, 04:08 AM
Modi hints at higher tax from the stock market

Modi hints at higher tax from the stock market

  • Indian stocks got hit today after Prime Minister Narendra Modi hinted at raising taxes on stock market income.
  • Tax payment from individuals profiting from stock-market investments is low and there’s a need to find ways to ensure levies are raised in a fair, efficient and transparent way, he said at an event in Patalganga.
  • The Sensex dropped as much as 1% during the session, erasing gains for the year and poised for a second straight year of declines.
  • ETFs: EPI, INDY, SCIF, INDA, INDL, PIN, INP, INXX, IIF, INCO, INR, SCIN, ICN, SMIN


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