Union Budget 2024: NSE CEO downplays STT, STCG changes

CEO of NSE, Ashish Chauhan, downplays Budget’s impact on markets, calling STT and STCG changes “minor”. Post-announcement correction attributed to investor misunderstanding.

Chauhan sees STT and STCG changes as initial steps towards a comprehensive tax regime. He expects further action from regulators regarding F&O market concerns.

Increased taxation on STT and STCG linked to derivative volume criticism. Budget proposals align India with global markets, with emphasis on job creation and infrastructure investment.

Chauhan praises Budget’s focus on job creation and minimal populism, marking it as a fair and balanced framework for economic growth.