The government on Monday abolished the Commodity Transaction Tax (CTT) that was announced in the Budget last year, but was yet to be implemented and the commodity exchanges rejoiced the decision.
Finance Minister Pranab Mukherjee announced the scrapping of the CTT while presenting the Budget for 2009-10.
He said the decision is in step with the recommendation of the Prime Minister's Economic Advisory Council.
Echoing the sentiment, the country's third-largest
iv_1">