SBI Research

SBI Urges Centre For Income Tax Act Overhaul, TDS Reforms

25 Oct 2024

SBI Research recently urged a rapid review of the Income Tax Act, initially proposed in the Union Budget 2024-25. The report emphasized that revising the Act as a money bill would enable a streamlined 75-day legislative process, allowing for a simplified tax system that could boost economic growth and reduce...

Nirmala Sitharaman Defends Union Budget 2024: Refutes Bias Allegations

30 Jul 2024

Finance Minister Nirmala Sitharaman dismissed accusations from the opposition that the Union Budget 2024 ignored states ruled by opposition parties. During her address in the Lok Sabha, she emphasized that no state was denied funds in the budget presented on July 23. VIDEO | "We have provided substantial financial support...

SBI Research Advocates Separate PLI Scheme For MSMEs

08 Jul 2024

Recognizing the pivotal role of MSMEs, SBI Research has called for a dedicated Production Linked Incentive (PLI) scheme tailored to their specific needs. Such a scheme could enhance their sectoral contributions and promote broader economic growth in industries like textiles, garments, food processing, electronics, and more. The PLI scheme has...

Stocks marginally rise on Wednesday, investors wait for RBI monetary policy

07 Feb 2024

Indian stock indices showed a slight increase during Wednesday's opening, following positive trends in the US markets overnight and the return of foreign portfolio investors (FPIs). As of 9:28 am, the Sensex stood at 72,357.98 points, rising by 171.88 points or 0.24 percent, while the Nifty reached 21,993.15 points, up...