Comment on Consequences of Short delivery - NSE/BSE

Nick Cheema commented on 02 Jan 2015, 11:51 PM

“But generally, if there is a technical glitch, the brokerage or the exchange is not liable for the loss.”. Why should the trader suffer losses for a trashy trading platform provided by the broker or any other technical glitch by the exchange/ broker? No wonders why Indian markets are not growing at the expected pace. Another bummer is the heavy taxation (STT, Service Tax, Turnover charges, Stamp Charges, SEBI Charges), like seriously folks? And then the trader/investor has to pay the capital gains tax on all the trading profits? The broker/ exchange is the only one who is getting rich here. Someone with a small account can NOT make money in such an environment. Look at US markets, traders just pay brokerage and the capital gains tax.

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