Budget+: Has STT on derivatives been raised to generate revenue or curb speculation?
- MC Govardhana Rangan
- ET PrimeUpdated: Feb 02, 2026, 16:48 IST IST
States don’t want their citizens to break laws. Some go to the extent of persuading them to keep away from committing sins by making them prohibitive. But there comes a time when they begin to secretly wish for more sins that become beneficial to conduct the affairs of the state.
In all fairness, it becomes difficult to catch this seemingly baffling transition.
In all fairness, it becomes difficult to catch this seemingly baffling transition.