Securities Transaction Tax - good for Indian investors

I whole heartedly support the transaction tax on securities trades known as STT - despite the gripe of economists that it makes trades too expensive and the markets less liquid. STT levels the field for Indian investors who would otherwise end up paying 11% odd tax on long term capital gains tax on income from equities while foreign investors take benefit of abusive tax havens like Mauritius and pay no tax. I therefore as an investor wholeheartedly support the STT. To eliminate the STT would also call for a repeal of the Mauritius tax treaty and thus imposition of capital gains tax on both us Indians as well as foreign investors equally.