Consumer affairs ministry against imposition of CTT in the Budget

2012-02-10 17:35:26

The ministry of consumer affairs, food and public distribution is not in favour of commodities transaction tax as it will restrict the growth of futures market, secretary Rajiv Agarwal said today amid reports that the ministry of finance is contemplating such a move to garner more revenues. The value of trade in commodity futures market may exceed Rs 170 lakh crore in 2011-12 from Rs 119.5 lakh crore in the previous year and Rs 66,000 crore in 2002-03, he said while inaugurating a conference or... Full Article at Assocham »