• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Correspondent

Madurai, Oct. 28 With erosion of value in their stocks, the retail investors in Madurai, as every where in the country, are a deeply dejected lot.

Mr A.S. Dharmarajan is one among them. Seventy years old, he earns his livelihood by writing accounts in a numbers of shops. Though his exposure is not much, whatever little investment he had done with a long- term perspective is now completely lost. The system has not taken care of investors like him, he told Business Line.

Mr G. Balakrishnan, President, Madurai Investors Association, said retail investors expect to be exempted from security transaction tax and service tax at the earliest opportunity. The speculative loss for them should be allowed to be adjusted against their earnings from other sources to continue their investment activities. The Tamilnadu Investors Association has been approached to take up the matter with appropriate authorities, he added.

More Stories on : Investor Grievances | Taxation | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line