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Monday, September 03, 2012 2:54 AM PDT

Shome Committee on STT and capital gains: Robbing Peter to pay Paul Business Standard India Mon, 03 Sep 2012 02:32 AM PDT The stock market reaction over Parthasarathi Shome’s recommendations was not only too small but also short-lived as it barely lasted for an hour. After opening marginally higher, key indices slipped lower, which is not in line with what most experts expected after the committee proposed the postponement of GAAR (General Anti-Avoidance Rules).

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