<b>Letters:</b> Adding to investor woes

A hike in the transaction tax on stock derivatives trading would have a negative effect

Apropos the report, “Investors brace for transaction tax hike, less friendly budget” (January 28), after demonetisation this could be another problematic news for citizens, who are still grappling with the “digitisation wave”. 

Capital market of any nation is considered an important financial intermediary that aids economic development by making the requisite finance available from surplus units to the ones in deficit.

At present, the proportion of retail investors in India’s equity markets is low. Less than 1.5 per cent of India’s population invests in securities. This figure is far below 18 per cent for the US and 10 per cent