India Exempts Foreign Investors from Capital Gains Tax on Government Securities in Bid to Bolster Rupee and Attract Stable Capital
In a significant move to shore up foreign investor confidence and stabilize its currency, India on Friday announced a tax exemption for foreign institutional investors (FIIs) and the Bank for International Settlements on capital gains and interest income from government securities. The decision, issued through an executive ordinance as Parliament is not in session, aims to draw more long-term and…
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