The Economic Times

F&O satta is highly risky... how can the government stay quiet: Nirmala Sitharaman on STT hike

Finance Minister Nirmala Sitharaman defended the sharp hike in securities transaction tax on futures and options, citing risks from excessive speculation in derivatives. The Budget 2026 move triggered a sell-off in brokerage and exchange stocks, with the government saying the increase aims to curb systemic risk and protect small retail investors.