Indian exchange responds to commodity tax with lower charges

08/28/2013 | Hindu Business Line (India), The

India's National Commodity and Derivatives Exchange is responding to a commodity-transaction tax by lowering transaction costs for members who hit a certain level of turnover. Since the government introduced the tax in July, the cost of trades in online commodity exchanges has surged. The situation might force other exchanges to follow suit.

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Hindu Business Line (India), The

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