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Need a sense of caution against speculative activities: FM Sitharaman on equity market

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Need a sense of caution against speculative activities: FM Sitharaman on equity market

Indian Finance Minister Nirmala Sitharaman has warned against excessive speculation in the equity markets, stating the need for caution. She mentioned the concerns expressed by market regulator Sebi and RBI regarding increased speculative activities. Sitharaman emphasized the importance of encouraging robust markets while ensuring that individuals do not invest their life savings in high-risk ventures. She also highlighted the government's efforts to simplify direct taxation and reassured that no direct tax rates have been increased in the Union Budget. Furthermore, Sitharaman acknowledged ongoing work to simplify GST rates. The warnings about the growing enthusiasm in the Futures & Options (F&O) segment were reiterated by SEBI Chief Madhabi Puri Buch.

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