The Indian government has approved an ordinance to remove capital gains tax for foreign portfolio investors (FPIs) investing in government bonds. This decision aims to boost foreign capital inflow, strengthen the Indian Rupee, and stabilize the economy amidst global uncertainties. Currently, investors pay 12.5% long-term and up to 40% short-term capital gains tax. The move is expected to attract an additional $10 billion to $30 billion annually into the debt market. Furthermore, the government is considering reducing the 20% withholding tax on interest earned from bonds to further incentivize international investors. https://punjabi.abplive.com/business/source-source-india-to-drop-capital-gains-tax-for-foreign-investors-in-government-bonds-check-all-details-inside-873051 #Creator program