Brokers' body sends list of demands to finance ministry

Tax rebates, removal of additional tax on dividends, streamlining of GST among demands

The Association of National Exchanges Members of India (Anmi), an industry lobby for brokers, has sent a list of demands to the finance ministry to help “catalyse the development of the capital market ecosystem and unlock its full potential”.

The industry body came up with a six-point agenda from its ninth international convention in Mumbai, on Saturday. 

The brokers body asked for a rebate on the securities transaction tax (STT). Higher cost of transactions due to the STT has impacted volumes and revenue generation, it said. Also, lower transaction cost in equity trading would help widen the securities markets for retail participants.

Anmi