Ahmedabad/Surat, Feb 3 (IANS) The Indian share market surged on Tuesday after the announcement of a trade agreement between India and the United States, which lowered tariffs on Indian exports. The deal, finalised after discussions between Prime Minister Narendra Modi and US President Donald Trump, cuts tariffs from 50 per cent to 18 per cent, ending months of uncertainty that had been weighing on investor sentiment.The reduction in tariffs has had a notable impact on key sectors, partic…
Latest Securities Transaction Tax News & Updates
New Delhi, Feb 2 (IANS) Chief Economic Advisor V. Anantha Nageswaran said on Monday that the increase in Securities Transaction Tax on derivatives trading announced in the Union Budget 2026-27 is aimed at securing household savings from highly speculative bets rather than generating revenue for the government.”The purpose (of STT hike) is not revenue generation… the purpose is to ensure hard-earned savings are used to maximise wealth in households. The SEBI has pointed out how people lose mone…
New Delhi, Feb 2 (IANS) Union Budget 2026‑27 marked a “pragmatic approach” with “no fireworks,” laying the groundwork for a stable medium‑term growth environment, without focusing on immediate catalysts for equity markets, a report has said.Global Brokerage Jefferies India in the report lauded the renewed emphasis on capital expenditure, particularly in defence, which was enabled by slower fiscal consolidation.The brokerage also welcomed support for data centres and electronics compo…
Mumbai, Feb 1 (IANS) Indian stock markets witnessed a sharp fall on Budget Day as investors reacted negatively to the government’s decision to raise the Securities Transaction Tax (STT) on futures and options trading.The benchmark indices Sensex and Nifty recorded their biggest Budget-day decline in six years, with both ending around 2 per cent lower in a special trading session held on February 1.By the end of the session, the Sensex closed at 80,723, while the Nifty settled at 24,825, losing…
Mumbai, Feb 1 (IANS) The recalibration of Securities Transaction Tax (STT) is designed to encourage investors focus on long-term equity participation, thereby fostering healthier liquidity and more sustainable market dynamics, said Sundararaman Ramamurthy, MD and CEO, BSE, on Sunday.In an environment of global uncertainty, this Union Budget “reinforces India’s standing as a resilient and future-ready investment destination, with capital markets that are becoming deeper, more balanced, and stra…
New Delhi, Feb 1 (IANS) Union Finance Minister Nirmala Sitharaman on Sunday announced in Union Budget 2026-27 that select outward remittances will get cheaper with Tax Collected at Source (TCS) on overseas tour packages and education and medical remittances cut to 2 per cent.Earlier, overseas tour packages used to attract TCS at 5–20 per cent, while overseas education and medical remittances (LRS) were taxed 5 per cent at source.The Budget 2026-27 cuts or exempts basic customs duties (BCD) and…
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, …
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…
New Delhi, Feb 1 (IANS) Home Minister Amit Shah on Sunday hailed the Union Budget 2026-27 as an embodiment of India forging its new identity as an “emerging economic power centre” and said that it furthers the momentum to bolster the country’s global standing. He also praised Prime Minister Narendra Modi’s economic policies and said that they have fuelled India’s economy.Under the leadership of Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman presented her ninth consecutive Unio…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday kept income tax rates and slabs unchanged following last year’s major tax reforms.While the basic tax structure remains the same, the Finance Minister, presenting the Budget 2026-27, announced several measures aimed at simplifying tax compliance and providing relief to taxpayers.She proposed extending the timeline for revising income tax returns from December 31 to March 31 with a nominal fee.FM Sitharaman also suggested sta…