New Delhi, Feb 1 (IANS) The government on Sunday said the intent behind the hike in the Securities Transaction Tax (STT) on futures and options is to address systemic risks and curb excessive speculation.Addressing the media here after the Budget 2026-27 was presented, Revenue Secretary Arvind Shrivastava said the intent to increase STT on futures and options is aimed at curbing excessive speculation as well as systemic risks linked to STT.The stock market reacted negatively to the hike in STT, …
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New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday announced a sharp hike in the Securities Transaction Tax (STT) on futures and options while presenting the Union Budget 2026-27 in Parliament.The move marks a significant increase in transaction costs for traders in the derivatives segment. Experts attributed intra-day’s stock market crash to hike in the charges.The STT on futures has been raised to 0.05 per cent from the earlier 0.02 per cent, amounting to a 150 per cent hike…