Preparations for the Union Budget 2026–27. (Image Source: Ministry Of Finance/X) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Prominent capital-market participants have put forward a set of key policy recommendations to the finance minister during the pre-Budget consultations, focusing on tax rationalisation and boosting household participation in equities, sources told NDTV Profit.

One of the core suggestions according to the sources was to ensure that the securities transaction tax (STT) on cash equity trades remains lower than on derivatives, to incentivise long-term investing over speculative activity.

Another major theme was the need to raise household savings in equities from the current 5% to 8%. The participants also called for a significant change in the buyb

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