Marvel Academy Course- Batch 2

Hello All,
As NABARD notification is out, we are conducting another survey to shortlist 15-20 students for our course. As NABARD exam is going to held on 25th FEB 2020, we are going to focus mostly on ARD section. We will try to cover the ESI section before the exam but cannot promise the same. The selected students will also be provided with SEBI and RBI notes. The timeline for the same is not fixed now but we will provide it before the examination. Continue reading “Marvel Academy Course- Batch 2”

Security Transaction Tax (STT)

  • Security Transaction Tax (STT) was first introduced in the Union Budget 2004.
  • The idea of STT was born after it was found that there were cases of capital gains taxes evasion through real and fictitious losses. Thus, STT came into being as a way of realizing the actual potential of taxing the stock markets. So, while long-term capital gains (LTCG) tax was exempted, STT was introduced to make sure there was no tax evasion. And then, LTCG too made a comeback in 2019.

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New mechanism to reward whistle-blowers and other informants for sharing information about insider trading: SEBI

  • Insider trading refers to the trading of securities while in possession of Unpublished Price Sensitive Information (UPSI) about the particular securities.

  • Under the new framework, it would be mandatory to disclose the source of information, besides, confidentiality regarding the identity of the informant would be protected
  • SEBI said the reward would be given in case the information provided leads to disgorgement of at least Rs 1 crore in accordance with the PIT (Prohibition of Insider Trading) Regulations

Continue reading “New mechanism to reward whistle-blowers and other informants for sharing information about insider trading: SEBI”