Finance Minister Arun Jaitley announced long-term capital gains (LTCG) tax in his Budget speech four days ago, you'd expect investors to turn their backs on shares and equity-oriented mutual funds.
Any profit or gain made after holding shares for more than one year is known an long term capital gain.
The economic survey report re-iterates this fear. The report notes that markets expect rapid growth, triggering the run-up in stock prices.
Government is likely to focus on strengthening the rural sector in the upcoming Union Budget on 1st February 2018.
he budget that will be presented on 1st February 2018 will be the last full budget before the 2019 general elections.
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