I always hope Budget will cut STT, but it keeps going up: Kamath

Zerodha Co-founder Nithin Kamath said he always expects the Budget "to reduce securities transaction tax (STT), but it keeps going up". "The 60% F&O STT increase from Budget 2024...didn't impact volumes much at first...[but] the impact showed up in the year we just had," he stated. He further said that the government would've collected more STT without the 2024 hike.