Not very long ago plans to introduce CGT (capital gains tax) on stock trading to an ailing market caused confusion, panic & chaos in CSE.
Now once again there are plans afoot to introduce same and the reason attributed is the foreign funds flowing into CSE. In my view inspite of foreign funds flow the market is still ailing from various uncertainties. Hence this is not the appropriate time to introduce such tax.
We can witness a "FREE FALL" of the market from today. Even the 'Amude' may not be spared!