SBI Research pitches LTCG tax abolition; flags Rs 1.2 lakh crore fiscal deficit risk

Published 03 Nov 2026, 15:05 IST

What each side is saying

One outlet's own words from each side of the spectrum. Quoted, not summarised.

left · 1 outlet

SBI Research suggests scrapping LTCG on equities, raising STT to offset the loss, and offering tax relief on savings and term deposits to rebalance household savings

— The Federal
center · 1 outlet

The government could abolish long-term capital gains (LTCG) tax across investor categories without significantly disrupting its fiscal consolidation plans, as the revenue loss may be limited to Rs 40,000-50,000 crore in FY28, according to a report by SBI Research.

— The Tribune
right · 3 outlets

The proposal includes raising the annual exemption limit, reducing tax rates for longer holding periods and increasing the Securities Transaction Tax

— The Hindu BusinessLine

RSS excerpt

SBI Research suggests scrapping LTCG on equities, raising STT to offset the loss, and offering tax relief on savings and term deposits to rebalance household savings

Coverage arrived over 7 hours — first from The Tribune, latest from The Federal.

✓ High Corroboration ⚡ Cross-Spectrum Consensus 5 news outlets reporting

Fact-Check & Bias Analysis

Confirmed by multiple independent newsrooms across the political spectrum.

Coverage Bias Distribution

Based on 5 reporting publishers

L 20%

C 20%

R 60%

Left / Center-Left 1 (20%)

Center 1 (20%)

Center-Right / Right 3 (60%)

Left Blindspot: Little to no coverage from left-leaning outlets.

Compare all reporting outlets (5)

The Federal Center-Left New Generation Media Corporation Pvt. Ltd. Current article 03 Nov 2026, 15:05 IST

SBI Research pitches LTCG tax abolition; flags Rs 1.2 lakh crore fiscal deficit risk

SBI Research suggests scrapping LTCG on equities, raising STT to offset the loss, and offering tax relief on savings and term deposits to rebalance household savings

Read full article at The Federal ↗

NDTV Center-Right Adani Group (AMG Media) 03 Nov 2026, 12:06 IST

LTCG Tax Reforms: Zero Tax After 3 Years, Higher Exemption Limit, Among 5 Key Suggestions By SBI Research

SBI Research estimates that abolishing LTCG tax could result in a revenue shortfall of around Rs 40,000-50,000 crore in FY28, equivalent to approximately 0.1-0.2% of GDP. It believes the government could accommodate this within its fiscal framework.

Compare on Varta → Read at NDTV ↗

The Economic Times Center-Right Bennett, Coleman & Co. 03 Nov 2026, 10:54 IST

Government has fiscal headroom to absorb Rs 50,000 crore revenue loss from LTCG tax abolition: SBI Research

SBI Research indicates that eliminating the long-term capital gains tax may lead to a modest revenue decline, estimated to be between Rs 40,000-50,000 crore for FY28. The suggested reforms involve raising the exemption limits and introducing lower tax rates based on extended holding durations…

Compare on Varta → Read at The Economic Times ↗

The Hindu BusinessLine Center-Right The Hindu Group (Kasturi & Sons) 03 Nov 2026, 08:08 IST

Government has fiscal headroom to absorb ₹50,000-crore revenue loss from scrapping LTCG tax: SBI Research

The proposal includes raising the annual exemption limit, reducing tax rates for longer holding periods and increasing the Securities Transaction Tax

Compare on Varta → Read at The Hindu BusinessLine ↗

The Tribune Center The Tribune Trust 03 Nov 2026, 07:57 IST

Government has fiscal headroom to absorb Rs 50,000 crore revenue loss from LTCG tax abolition: SBI Research

The government could abolish long-term capital gains (LTCG) tax across investor categories without significantly disrupting its fiscal consolidation plans, as the revenue loss may be limited to Rs 40,000-50,000 crore in FY28, according to a report by SBI Research.

Compare on Varta → Read at The Tribune ↗