Prakash

Diplomatic efforts for peaceful settlement of the ongoing war in the Middle East are progressing steadily, strongly and powerfully with the potential to lead to substantive results in near future. To allow diplomacy to run its course, I earnestly request President Trump to extend the deadline for two weeks. Pakistan, in all sincerity, requests the Iranian brothers to open Strait of Hormuz for a corresponding period of two weeks as a goodwill gesture. We also urge all warring parties to observe a ceasefire everywhere for two weeks to allow diplomacy to achieve conclusive termination of war, in the interest of long-term peace and stability in the region. @realDonaldTrump @JDVance @SecRubio @SteveWitkoff @SEPeaceMissions @drpezeshkian @mb_ghalibaf @araghchi

KIND ATTENTION PLEASE: ➡️STT has been raised only on options and futures. ➡️The rate for futures now is 0.05 and for options is 0.15 ➡️Total volume of transaction in options and futures is more than 500 times of Indian GDP ➡️In Rupee terms, our GDP is 300 lakh crore rupees. ➡️Volume for options and futures is more than 1.5 lakh lakh crore rupees. Therefore there is justification for increase in rates to curb purely speculative activity in options and futures. Other STT rates remain the same. Here's the direct Link to FAQ document:incometaxindia.gov.in/Documents/Budg… For authentic and accurate information, always refer to official sources only.

#WATCH | Delhi: Arvind Shrivastava, Secretary, Department of Revenue, Ministry of Finance, says, "The only change made in STT (Securities transaction tax) is in the future and options. All the other STT rates remain the same. The primary objective of raising the tax rates on STT has been that it is felt that when you look at the volume of transactions in futures and options, whether you compare it to the size of GDP or size of the underlying securities market, it is largely in the realm of heavy speculation, which results in losses to small retail, unsophisticated investors. The government's intention is to discourage speculative tendencies. And the increase in rate is essentially in that direction. So it is meant to essentially handle the systemic risk in derivative markets. Even after this increase, however, the rates of STT will remain modest compared to the volume of the transactions that is happening there."

#WATCH 🎥 | “Hindi Mein Satta Bolte Hain Ise…”: FM Sitharaman Explains STT Hike on F&O 📊 Nirmala Sitharaman says derivatives trading is essentially “satta” (speculation), explaining why the government has increased Securities Transaction Tax on futures & options to curb excessive speculative activity. @nalinmehta #BudgetWithMC #BudgetWithMoneycontrol #Budget2026 #UnionBudget