The terrorist attacks on the
US seem to have rocked the Indian equity markets harder. While
the US markets have been able to recoup most of their losses
since the September 11 attack, the Indian bourses are still
languishing way below their pre-attack levels.
Tax collection in the first-half
of the current fiscal declined by 6.2 per cent at Rs 77,422
crore from Rs 82,539.18 crore collected in the corresponding
period last year.
The Sebi chairman DR Mehta
told the JPC that stock market meltdown witnessed in the aftermath
of the presentation of the union budget in February was not
a “scam”. Mr Mehta, however, admitted that there were certain
irregularities which hit the markets adversely.
