New Delhi: The Securities and Exchange Board of India (SEBI) chairman, G.N. Bajpai, will meet the finance minister, P. Chidambaram, here on Monday.

Indications are that the Budget proposal on levy of 0.15 per cent tax on transactions entered in a recognised stock exchange would figure in the discussions.

A number of market players have been expressing apprehensions over the proposed levy. After the Budget proposals for 2004-05 were announced, the broking community had met the SEBI Chairman to express their concern over the transaction tax to be levied on all securities transactions.