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What Is Securities Transaction Tax? | Govt Hikes STT On F&O Trading | Finance Bill 2023 | UPSC 1 год назад


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What Is Securities Transaction Tax? | Govt Hikes STT On F&O Trading | Finance Bill 2023 | UPSC

Finance Minister Nirmala Sitharaman has hiked the securities transaction tax (STT) on sale of options as well as futures by 25% each. In the Finance Bill 2023, which was passed by the Lok Sabha, Sitharaman also hiked STT by 25% on sale of futures contracts. In this video, we will explain the Securities Transaction Tax (STT) and its significance in the Indian economy. The Securities Transaction Tax (STT) is a tax levied on the purchase and sale of securities listed on the Indian stock exchanges. It was introduced in the Union Budget of 2004 and has been in effect since October 2004. STT is an important source of revenue for the government and also acts as a regulatory measure to prevent excessive speculation in the stock market. In this video, we will cover the following topics: What is Securities Transaction Tax (STT)? Why was STT introduced in India? How does STT work? What are the different types of STT? What is the impact of STT on the stock market and the Indian economy? What are the criticisms of STT? By the end of this video, you will have a clear understanding of what Securities Transaction Tax is and how it affects the stock market and the Indian economy. This knowledge will be helpful for your UPSC exams as it is an important topic in the Indian economy and finance sector. So, if you are preparing for UPSC exams or want to improve your knowledge of the Indian economy, make sure to watch this video till the end. Don't forget to like, comment, and subscribe to our channel for more informative videos on UPSC exam topics. For Complete Revision of Important Current Affairs for Prelims 2023, Watch Target Prelims 2023. Download the BYJU'S Exam Prep App Now! 👉 https://click.gradeup.co/Fqr0/ytIASEng Target Prelims 2023 Phase 2 Timetable (9th March - 14th April 2023): 👉 https://cdn1.byjus.com/wp-content/upl... Join us on Telegram for all the latest updates: 👉 https://t.me/BYJUSEXAMPREPIAS Subscribe to "BYJU’S IAS" Channel: 👉 https://www.youtube.com/c/BYJUSIAS?su... Subscribe to our “BYJU’S IAS Hindi” Channel: 👉 https://www.youtube.com/c/BYJUSIASHin... Register FREE - BYJU’S National Scholarship Test (BNST) for IAS 👉 https://byjus.com/bnst-ias/?utm_sourc... Top Playlists for UPSC Civil Services Exam (CSE): Economy Essentials Playlist: 👉    • Delhi Mumbai Expressway | Electric Hi...   Polity Essentials Playlist: 👉    • Preamble of Indian Constitution | Wha...   The Hindu News Analysis 2023 Playlist: 👉    • The Hindu Newspaper Analysis LIVE | M...   Strategy Series Playlist: How To Prepare for UPSC Prelims & Mains? 👉    • Strategy Series | Prelims and Mains |...   Target Prelims 2023 Daily Quiz Playlist: 👉    • Daily Quiz | Master Playlist - 2023 |...   Knowledge Series Playlist | Cover 100+ Key Static Topics: 👉    • Knowledge Series | Master Playlist | ...   The Big News Playlist | Watch & Understand Big Breaking News: 👉    • The Big News | Daily Analysis of Key ...   Explained Playlist | In-depth Analysis of Weekly Current Affairs: 👉    • Explained | In-depth Analysis of Week...   For Current Affairs videos in Hindi visit: ‪@BYJUSIASHindi‬ For more information on BYJU'S IAS courses, call us on: +91-9538419666 Happy Learning! ‪@BYJUSIAS‬ #securitiestransactiontax #STT #upsc #STThike #STTHiked #futuresandoptions #financebill #securitiestransactiontaxhike #finance #currentaffairstoday #financebill2023 #currentaffairstoday #currentaffairs2022 #upsceconomics #economyupsc #economy #economybasics #economyconcepts #breakingnews #currentaffairsbooster #currentevents #latestnews #currentaffairsfortoday #upsccseprelims2023 #upscpre2023 #upscpreparation #iasprelims #iasprep #iascurrentaffairs #currentaffairs #currentaffairstoday #upsccurrentaffairs #dailycurrentaffairs #todaycurrentaffairs #upsc2023 #iascurrentaffairs #dailycurrentaffairs #newsanalysis #currentaffairs2023 #byjuseconomyessentials #byjusias #byjusexamprepias

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