ForumIAS LATEST
- 04 June | MGP Strategy Series | GS Paper 4 (Ethics) with AIR 7 A.R. Rajah Mohaideen Click Here to register for the session →
- 04 June | GS Advance Program begins from 4th June 2026 | First 2 classes open to all Click Here to register for the event →
- 05 June | MGP Strategy Series | GS Paper 3 Strategy Session with AIR 406 Mannat Luthra Click Here to register for the session
- 06 June | Open Orientation on Essay Guidance Program (EGP 2026) Click Here to register →
- 07 June | Open Orientation for Current Affairs for Mains 2026 Click Here to register →
- 07 June | Sociology Optional Strategy Session with AIR 10 Ujjwal Priyank Click Here to register →
- According to a study by the World Bank,the turnover ratio of the Indian stock market had fallen from 143 in 2008 to 58 in 2018.
- The turnover ratio which is a universally accepted parameter to gauge trading volumes,is the total value of the shares traded in a specific period divided by the average market capitalisation of that period.
- The fall had been the highest among most leading markets of the world, barring the U.S. and the European Union.
- Separately, as part of their pre-budget recommendations to the government, capital market participants had sought rationalisation of the securities transaction tax (STT) apart from bringing back certain exemption benefits that were available earlier.
- In 2007-08,the government had stopped treating STT as tax paid and treated it as an expense that led to double taxation for the gains assessed under business income.
- Further,while long-term capital gains (LTCG) tax was made nil while introducing STT in 2004, the transaction tax was not done away with when LTCG was reintroduced in 2018.
- Securities transaction tax (STT) is a tax levied at the time of purchase and sale of securities listed on stock exchanges in India.
- Securities are tradable investment instruments such as shares, bonds, debentures, equity-oriented mutual funds (MFs) and so on and are issued either by companies or by the Indian government.
- LTCG is the tax paid on profit generated by an asset such as real estate, shares or share-oriented products held for a particular time-frame.



