BSE proposes new transaction tax structure in capital markets

Pitching for a slew of reforms in the Indian capital markets, leading bourse BSE has suggested the government bring in a new transaction taxation structure and besides seeking tax pass through status for Infrastructure Investment Trusts (InvITs).

CBI questions Jignesh Shah

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.

NSEL scam derailed commodity market in 2013

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.

Union Budget 2013: Govt to reduce securities transaction tax on certain segments

The government will reduce taxes levied on various transactions in the securities market, a move that will help in bringing down the overall cost for investors.

Commodity transaction tax will promote 'dabba' trade: Industry

Any transaction tax on commodity derivatives will shift the declining business to either illegal 'dabba' trading or overseas commodity exchanges, warned the industry representatives.