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Security Transaction Tax (STT) was introduced in the Indian capital market in 2004. It is a tax on transaction of equities as well as their derivatives. Despite the reduction in STT over the years, it constitutes a large percentage (next only to brokerage fee) of the total cost of trading. The...
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In 2005-2006 China reformed its stock market by eliminating non-tradable shares. The regulator set general guidelines …
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