(a) the estimated quantum of online trade of shares in the country along with the revenue loss to the exchequer;
(b) whether the Government has any plans to regulate the online trading of shares; and
(c) if so, the details thereof and if not, the reasons therefor?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI JAYANT SINHA)
(a): All trading on the stock exchanges takes place through online screen based trading systems. Internet Based Trading (including Mobile Trading) is one of the ways to trade on the exchanges. Securities and Exchange Board of India (SEBI) has informed that as per the details provided by major stock exchanges i.e., National Stock Exchange of India Ltd. (NSE) and BSE Ltd. (BSE), Internet Based Trading comprises approximately 25% of trades at NSE and around 12% at BSE.
Table below gives the value of turnover at NSE and BSE in the Cash Market:
FY 13-14 FY 14-15 (till Jan 2015) Total Trading Turnover at NSE and BSE (in Rs. Crores) 3330152 4235881 Turnover from Internet Based Trading including Mobile 729007 981098 Trading at NSE and BSE (in Rs. Crores) Source: SEBISecurities Transaction Tax (STT) is levied on the trades in securities market and is collected by the stock exchanges on behalf of the Central Government. SEBI has informed that as per the details provided by BSE and NSE, STT collection for Financial Years 2013-14 and 2014-15 (till January 2015) on trading on shares (i.e. Cash Market) including the STT collection from Internet Based Trading (including Mobile Trading) at NSE and BSE is given below:
STT Collection on trading in shares (i.e. Cash Market) (in Rs. Crores) FY 13-14 FY 14-15 (till Jan 2015) NSE 2951 3694 BSE 528 748 Out of which STT collected from Internet Based Trading (including Mobile Trading) is as follows: NSE 698 936 BSE 66 90Source: SEBI