Prime Minister Narendra Modi on Saturday hinted at increasing taxes on capital markets, adding that his government would not hesitate from taking tough decisions such as demonetisation.
“Those who profit from financial markets must make a fair contribution to nation-building through taxes. For various reasons, the contribution of tax from those who make money on the markets has been low,” said Modi during his speech at an event organised by capital market regulator Securities and Exchange Board of India (Sebi). The PM, along with Finance Minister Arun Jaitely, was present at the event to inaugurate a new campus of National Institute of Securities Markets (NISM), an educational arm of Sebi, on the outskirts of Mumbai.
Comments are closed.