India Seeks $9 Billion in Stock Transaction Levies Next Fiscal

Nirmala Sitharaman leaves the ministry to present the budget at the parliament in New Delhi.Photographer: Prakash Singh/Bloomberg
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Modi government presented its first full-year budget in his third term. Follow Bloomberg India on WhatsApp for exclusive content and analysis on India's pitch to the world. Sign up here.

India expects to collect more taxes from levies imposed on securities trading with Finance Minister Nirmala Sitharaman’s budget estimating an over 40% jump in such collection to cross $9 billion next year.