PSU exchange-traded funds yet to get tax benefits proposed in Budget 2019

PSU exchange-traded funds (ETFs), which have made significant contributions to the government's disinvestment plans in the past, are yet to receive tax benefit proposed in the FY20 Budget, even as the Centre lines up yet another share sale through this route.   Among the key proposals of Finance Minister Nirmala Sitharaman’s maiden Budget was extending the Section 80C tax advantage to PSU ETFs. However, the proposal is yet to be notified.   Industry players say this could hurt the demand as the latest tranche of government ETFs is being launched at a time when retail in.....

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