F&O STT hike in Union Budget: Much ado about nothing?

Finance Minister Nirmala Sitharaman raised the STT on options to 0.1% effective October 1. Analysts predict minimal impact. SEBI's 'True to label' circular targets retail speculation, as highlighted by Madhabi Puri Buch. Dhiraj Relli notes adaptability. The Economic Survey cautions on retail speculation. India's strong presence in global options trading and high trade losses are noted.