Caste census: BJP leaders petition Guv over dual identities
Bengaluru (PTI): A delegation of Karnataka BJP leaders and others on Tuesday petitioned Governor Thaawarchand Gehlot regarding the upcoming social and educational survey, popularly known as "caste census" list, with at least 46 castes that contain dual identities, having both Christian and Hindu caste name.
Highlighting that castes with dual identities like 'Kuruba Christian', 'Brahmin Christian', 'Vokkaliga Christian' among others, may lead to confusion and give opportunity for a large-scale religious conversion, they urged the Governor to intervene and issue necessary instructions to the government.
BJP MPs Yaduveer Krishnadatta Chamaraja Wadiyar, P C Mohan, party state General Secretary and MLA Sunil Kumar among others were part of the delegation that met the Governor, after holding extensive discussion regarding the caste census issue, under the banner "Samajika Nyaya Jaagruti Vedike".
"The Congress Government is playing with fire instead of strengthening backward communities, this survey risks creating chaos, confusion, and conflict. It is nothing but a politically motivated gimmick at the cost of taxpayers' money," the petition by the delegation said.
"We therefore urge your excellency to kindly intervene in this matter and in your constitutional capacity, advise the Government of Karnataka against proceeding with this flawed and divisive exercise at this juncture. A fool proof, transparent, and credible survey--undertaken in alignment with the Union Government's 2026-27 national exercise -- is the only acceptable way forward."
The BJP stands firmly committed to protecting the interests of all communities in Karnataka, it further said, adding, "we will not allow the Congress Government to misuse the caste survey for political mileage and to divide society."
The state's Social and Educational Survey, popularly known as the 'caste census' will be conducted between September 22 and October 7 at an estimated cost of Rs 420 crore.
Later speaking to reporters, Yaduveer Krishnadatta Chamaraja Wadiyar said the "artificial inclusion" of 46 sub-castes under the category of Christians like -- Billava Chrisitian, Brahmana-Christian, Vokkaliga-Chrisitian, Jangama-Christian, was "unnecessary".
Stating that it may lead to more confusion, and give opportunity for conversion to happen at a large scale, he said, "This goes against the sentiments of the population at large. The Chief Minister should certainly reconsider these elements, and in the case of the artificial sub-castes which have been given the Christian category, he should permanently remove them and do the survey in a scientific manner."
Noting that a petition has been submitted to the Governor informing him about objections, Wadiyar said, "Within the framework available to the Governor, he said he will be helping our stands."
Asked as to what the BJP's plan of action will be if the government doesn't reconsider, he said, "we have already considered a legal recourse to this matter going forward. Along with that our andolan (agitation) will also continue on the street, and various community organisations will also take this forward."
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STT hike in F&O aimed at curbing speculative trade, protect small investors: Sitharaman
New Delhi (PTI): Finance Minister Nirmala Sitharaman on Sunday said the increase in STT in F&O is aimed at curbing high-risk speculative trade and discouraging gullible investors who were losing huge amounts of money in the derivatives market.
The Budget has proposed an increase in the Securities Transaction Tax (STT) on futures contracts to 0.05 per cent from 0.02 per cent.
STT on options premium and exercise of options are proposed to be raised to 0.15 per cent from the present rate of 0.1 per cent and 0.125 per cent, respectively.
Addressing a post-budget conference, Sitharaman said the government is not against derivative trade, but wants small investors, who are facing huge losses, to stay away from the speculative F&O market.
"This nominal increase is purely aimed at speculation, only to deter them, to discourage them. We are not against it (F&O trade), but small investors are facing losses, so how can we be quiet, so it (STT hike on F&O) is to deter such investments," Sitharaman said.
According to studies by Sebi, over 90 per cent of retail investors' trades in the F&O segment lead to losses, and the capital markets regulator has also taken steps to reduce volumes in the past.
Market regulator Sebi has also cautioned small and retail investors against trading in the F&O segment, underscoring the need for responsible investing.
Addressing questions on the intention behind the STT hike, Revenue Secretary Arvind Shrivastava said it has been done to discourage speculative tendencies and handle systemic risk in the derivatives market.
"The government's intention is to discourage speculative tendencies, and the increase in rate is essentially in that direction. So, it is meant to essentially handle the systemic risk in derivative markets," he added.
Shrivastava said even after this increase, the rates of STT will remain modest compared to the volume of the transactions that are happening.
The hike in STT is aimed squarely at high-volume derivative trading, rather than the cash equity market, and is expected to meaningfully increase transaction costs for active and short-term trading strategies.
Sitharaman further said the highest-ever capital expenditure of Rs 12.22 lakh crore announced for 2026-27 works out to be 4.4 per cent of GDP.
The capital expenditure for FY27 is 10 per cent higher than the Rs 11.11 lakh crore budgeted capex announced in FY26.
"We have announced that Rs 12.22 lakh crore is coming through public expenditure. This time it is 4.4 per cent of GDP, which is the highest at least in the last 10 years, it could even be the highest if you were to take data from earlier periods," Sitharaman said.
The capital expenditure was 2.5 per cent of GDP in 2021-22 and around 4 per cent of GDP in 2024-25. The government's capital expenditure was Rs 2.35 lakh crore in 2015-16.
She further said that the 4.3 per cent fiscal deficit target for FY27 is "realistic and responsible". The Budget has proposed to lower the fiscal deficit to 4.3 per cent in FY27, from 4.4 per cent in FY26.
Asked about the budget not making any big announcement for poll-bound states, Sitharaman said there are various announcements, including industrial corridors across the eastern and western parts of India. "So there is enough to cover election states and all other states," she said.
