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Q.

2 days holiday.Hope Govt comes out with something good for a stock market bounce back on thursday

10 Mar '09 09:07 am
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Answers (3)

1.

Govt will NOT do anything to make stock market bounce back. If it wants to do something, it should take the following steps:
Reduce interest rates on advances against shares to 11% per annum;
ask banks to liberally finance against shares;
ask companies to declare handsome dividends, they must distribute at least 50% of their net profit as divideds.;
ask companies with strong reserves position to declare bonus shares;
reduce corporate taxes to 25% with no cess or surcharge thereon;
abolish short term capital gains tax and securities transactions tax; or at least reduce them to 5%.
Answered by mandook, 10 Mar '09 10:55 am

 
  
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2.

First of all when all are on holidays, nothing may happen. Secondly it does not depend on the Govt. much.
Answered by Vijai Sharma, 10 Mar '09 09:16 am

 
  
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3.

I don't think Govt can play any role in restoring the confidence and sentiments of markets...
Answered by Lucky, 10 Mar '09 09:14 am

 
  
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