After holding discussions with the FM, the Sebi chief said the government thought it was an opportune time to levy the LTCG tax as the "markets are booming."
Budget-makers in North Block are looking to maintain this fiscal status quo, in spite of tax revenues nowhere close to where the government wants and in spite of possible higher expenditure commitments.
"Pakistan Foreign Minister is a political pygmy in a powerless government kowtowing to the terror organisations. These pusillanimous comments reflect Pakistan's frustration with Prime Minister Narendra Modi's successful diplomacy in exposing the terror face of Pakistan to the world," said BJP spokesperson G V L Narasimha Rao.
RBI Governor Raghuram Rajan had set up a committee to review the monetary policy framework.
The FDI in insurance and defence and the plethora of schemes for improving the rural economy with all round focus on development programmes, are a key thrust.
A large part of this fund would be raised through public offers made to retail customers, he said.
Attributing the stock market crash to global turbulence, Finance Minister Arun Jaitley on Monday said the government and RBI were watching the situation and hoped that things will stabilise once the transient impact is over.
Chidambaram was winding up a discussion on the first batch of supplementary demands for grants in the Lok Sabha.
Tax sops unlikely for the sector in coming Budget.
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