Source: ET
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Category: Observations
Extended the timing of the Equity Markets till 5:00 pm
[pdf-embedder url=”https://alphaideas.in/wp-content/uploads/securepdfs/2017/07/Circular-5318.pdf”]
Nani Palkhivala was one of India’s greatest sons-a top class lawyer, speaker, writer and a foremost authority on taxation.
One of his biggest peeves was Octroi in Mumbai. In his own words: “It is the only impost which taxes the people to a tolerable extent in terms of money and to an intolerable extent in terms of time and energy.”
He gave many lectures against it and tried hard to get it scrapped….but in vain.
The BMC-Politician corruption nexus was too strong for him to break.
On 01 July, 2017…his dream finally came true.
With the rollout of GST, octroi in Mumbai (and elsewhere) was finally abolished.
He would be smiling from the heavens.
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How F&O stocks are manipulated
