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Budget 2018: Stock market investors from Mumbai call budget as a retro move

Mumbai: With the Union Finance Minister Arun Jaitley on Thursday announcing the Union Budget 2018, stock market investors and analysts called the it ‘retro and more of an agrarian move’. With the new imposition of tax on long term capital gains (LTCG) and mutual fund dividends, investors are subject to tax, which they weren’t earlier.