DIVYA DELHI : Market veteran Shankar Sharma has welcomed the government’s decision to increase the Securities Transaction Tax (STT) on derivatives, calling it the most important Budget proposal. He warned that excessive futures and options (F&O) trading is harming India’s youth and long-term wealth creation, describing derivatives as a “destructive” force. Sharma said the F&O market mainly transfers wealth from retail traders to brokers and supported higher taxation to discourage risky trading.
