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"We will do nothing to hurt farmers. If that means higher imports of fertilier, bearing higher subsidy...every one of that will be done," Finance Minister P Chidambaram said in the Rajya Sabha replying to the debate on the Finance Bill.
He said CTT is the mirror image of Securities Transaction Tax (STT) which was also imposed on the stock markets and met with similar resistance. On the lines of STT, CTT would also be accepted, he said.
The Rajya Sabha later returned the Finance Bill completing the process of the Budget for 2008-09.
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