Govt exempts capital gains tax on FIIs' govt bond investments
The Indian government has announced an exemption on capital gains tax for Foreign Institutional Investors (FIIs) regarding their investments in government bonds. This policy shift is intended to attract more foreign capital into the domestic debt market.
Why it matters
This move is expected to increase liquidity in the Indian bond market and strengthen the rupee by encouraging foreign investment inflows.
The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world. Read More
The report focuses on factual policy changes without emotive language or political commentary.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in