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Commexes' Q1 turnover dips 65%: FMC

Last Updated: Tuesday, July 15, 2014, 13:39

The turnover of commodity exchanges fell sharply by 65 percent to Rs 14.55 lakh crore in the first quarter of this fiscal due to poor volumes in most commodities, the Forward Markets Commission (FMC) said.

BSE seeks reduction in securities transaction tax

Last Updated: Wednesday, June 11, 2014, 19:03

To attract more investors into the stock market, leading bourse BSE has pitched for reduction in securities transaction tax and rationalise the taxation norms for different financial products -- a demand also made by SEBI and other market entities.

NCDEX hikes transaction charges on agri-commodities

Last Updated: Tuesday, June 03, 2014, 12:58

Leading agri-commodity bourse NCDEX has hiked transaction charges on agri-commodities effective this month, a move which experts say is aimed at improving the financial viability of the exchange that has taken a beating due to falling trade volumes.

EU reaches accord on disputed financial transaction tax

Last Updated: Tuesday, May 06, 2014, 19:50

The EU finance ministers backing a controversial financial market tax, agreed on Tuesday it would come into effect in 2016 at the latest, despite strong opposition by some countries, officials said.

CBI questions Jignesh Shah

Last Updated: Friday, March 14, 2014, 22:55

CBI on Friday resumed questioning of NSEL promoter Jignesh Shah in connection with a case registered against him for allegedly cheating and causing a loss of over Rs 120 crore to public sector undertaking PEC.

Govt eyes higher Securities Transaction Tax for next fiscal

Last Updated: Monday, February 17, 2014, 14:13

The government has also lowered its STT target to Rs 5,497 crore from Rs 6,720 crore for the current fiscal.

Commexes turnover fall 59% during Jan 1-15

Last Updated: Friday, January 24, 2014, 22:01

The turnover of 17 commodity bourses fell by 59 percent to Rs 2.82 lakh crore in the first fortnight of this month, with maximum decline in business seen at MCX, ACE and ICEX.

May support Congress if it accepts `banking transaction tax`: Ramdev

Last Updated: Monday, January 20, 2014, 00:58

Yoga Guru Ramdev on Sunday said he may support Congress in the upcoming Lok Sabha polls provided the party supports his proposal to replace all taxes with single tax on banking transactions.

Jaitley expresses reservations on banking transaction tax

Last Updated: Sunday, January 19, 2014, 23:38

A proposal to replace income tax and excise with single tax on banking transaction is "attractive" but several questions have to be answered before it is implemented, BJP leader Arun Jaitely said.

NSEL scam derailed commodity market in 2013

Last Updated: Wednesday, December 25, 2013, 12:32

Commodity futures market's dream run came to a halt in 2013 as a Rs 5,600 crore scam in Jignesh Shah-led spot exchange NSEL and imposition of transaction tax on non-farm items hampered the growth of business, with turnover estimated to dip by 30 percent to Rs 125 lakh crore.

Sebi study suggests lowering of STT

Last Updated: Thursday, October 17, 2013, 19:23

A Sebi commissioned study has suggested lowering of Securities Transaction Tax (STT) to boost the capital market.

Cabinet likely to consider DTC Bill today

Last Updated: Thursday, August 22, 2013, 09:00

The exemption limit at Rs 2 lakh for individual tax payers is unlikely to be touched, but a new slab of 35 percent may be introduced for the super-rich.