Mon, Dec 26, 2016
India's key equity indices opened up lower in morning trade on Monday after Prime Minister Narendra Modi on Saturday hinted at increase in taxes on income from stock markets during his speech in Maharashtra. BSE Sensex and NSE Nifty lost over 1% in the morning trade on Monday.
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The government has no plans to impose long-term capital gains tax on share transactions in the upcoming Budget 2017, Finance Minister Arun Jaitley clarified on Sunday, describing media reports of Prime Minister Narendra Modi`s speech earlier as erroneous.
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