Mr. Sunil Nyati, Managing Director of Swastika Investmart Limited shared his views on Union Budget in Hindu Business Line publication.According to him, the transaction cost in India is too high, and LTCG and STT are seen as a sentiment dampener for the market. STT, in his opinion, should be eliminated or at least lowered because it was originally intended to replace long-term capital gains, but now both LTCG and STT are there, which is unfair to Indian investors. He expects that the government will take policy measures to ensure that the Indian market becomes more investment-friendly in comparison to other emerging markets, where reducing LTCG and STT could be a good step in that direction.Read here to know more:
