Capital Markets Urge Finance Minister Nirmala Sitharaman for Transaction Tax Cuts in Pre-Budget Meet

Overview

Representatives from India's capital markets met with Finance Minister Nirmala Sitharaman for pre-Budget consultations, advocating for reduced transaction taxes, particularly Securities Transaction Tax (STT) on cash trades, and measures to enhance financial sector depth and inclusion. This meeting, part of the annual pre-Budget discussions for Budget 2026-27, highlighted the sector's role in mobilizing significant capital, with Rs 14.6 lakh crore raised in FY25.