00:00First of all, I believe some confusion. In fact, the question that you have asked rightly reflects the announcement itself that the only change made in STT is in the future and options. All the other STT rates remain the same.
00:17The primary objective of raising the tax rates on STT has been that it is felt that when you look at the volume of transactions in futures and options,
00:30whether you compare it to the size of GDP or size of the underlying securities market, it is largely in the realm of heavy speculation, which results in losses to small, retail, unsophisticated investors.
00:45The government's intention is to discourage speculative tendencies, and the increase in rate is essentially in that direction.
00:53So it is meant to essentially handle the systemic risk in derivative markets. Even after this increase, however, the rates of STT will remain modest compared to the volume of the transactions that is happening there. This is the reason.
01:07I believe.
01:08I believe.
01:09I believe.
01:10I believe.
01:11I believe.
01:12I believe.
01:13I believe.
01:14I believe.
01:15I believe.
01:16I believe.
01:17I believe.
01:18I believe.
01:19I believe.
01:20I believe.
01:21I believe.
01:22I believe.
01:23I believe.
01:24I believe.
01:25I believe.
01:26I believe.
01:27I believe.
01:28I believe.
01:29I believe.
01:30I believe.
01:31I believe.
01:32I believe.
01:33I believe.
01:34I believe.
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