Aviation stocks jump on reports of lower tax burden
Shares of two aviation companies rose by 3.49% to 4.08% at 12:05 IST on BSE on expectations of lower tax burden on the aviation sector.
Jet Airways India (up 4.08%) and SpiceJet (up 3.49%), edged higher.
The S&P BSE Sensex was up 70.29 points, or 0.25% at 27,874.66.
According to reports, the ministry of civil aviation is looking for possible ways to reduce the tax burden on the aviation industry. Under the scanner are taxes levied by the central and state governments. It was one of the issues discussed in a meeting held between civil aviation minister Ashok Gajapathi Raju and Maharashtra Chief Minister Devendra Fadnavis on Monday, 22 June 2015, reports suggested.
Powered by Capital Market - Live News