Government lists Bill in Parliament to replace Ordinance that exempted FIIs from tax
The Indian government has introduced a Bill to replace a June 2026 Ordinance that exempted foreign institutional investors from capital gains tax on government securities. This legislative move aims to attract global capital and deepen the sovereign debt market amidst global economic volatility.
Why it matters
This policy change is a strategic effort to stabilize India's financial markets and maintain competitiveness in attracting foreign investment.
The Government has listed a Bill that it plans to table in the upcoming Monsoon Session of Parliament to replace its June Ordinance through which it had exempted foreign institutional investors (FIIs) and the Bank of International Settlements (BIS) from capital gains tax and tax on interest from their investment in government securities.
The article reports on government legislative actions and stated policy goals without editorializing or taking a stance.
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