Investors from abroad are pressing regulators for a decrease in securities transaction taxes to alleviate the burden of double capital gains taxes. With the Reserve Bank of India’s stringent leverage rules potentially pushing trading activities offshore, there’s a risk of reduced government revenues and diminished market liquidity. Authorities are considering these issues in light of the recent tax cuts on government securities.
Oil rises on concerns over Strait of Hormuz reopening plans
Oil prices experienced a significant uptick on Friday, fueled by fears surrounding the critical Strait of Hormuz. Iran and Oman are contemplating restrictions on hostile