GST will bring in 1,000 new listings: BSE Chief
DSIJ Intelligence / 31 May 2017
India’s proposed Good and Service Tax (GST) regime has already brought several benefits for the economy. The declaration of GST has resulted in unexpected outcomes, one of them being it has encouraged many small companies to list themselves on the bourses.
India’s proposed Good and Service Tax (GST) regime has already brought several benefits for the economy. The declaration of GST has resulted in unexpected outcomes, one of them being it has encouraged many small companies to list themselves on the bourses.
Now, the companies do not think they have anything to hide from the government and they are more interested in raising funds from the public and list themselves on the stock exchanges. BSE MD & CEO Ashishkumar Chauhan has estimated that about 1000 companies will list on the BSE over the next four years.
In the year ended March 2017, over 74 companies have raised about Rs 276 billion on the BSE through IPOs, which is the highest since 2010, as per the statement given by the exchange.
The GST has brought many positive developments, and after its implementation, the government will have better control over taxation and the overall economy.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.