The Indian government has abolished capital gains tax for Foreign Portfolio Investors (FPIs) to stabilize the equity market and curb fund withdrawals. Approved by the Union Cabinet, this ordinance will be retrospectively effective from April 1, 2026. The move aims to make the Indian debt market more attractive and strengthen the rupee, which has weakened against the US dollar. Previously, FPIs faced a 12.5% tax on equities and 20% on interest from government securities. https://sambad.in/india-and-beyond/govt-makes-exemptions-in-foreign-investments-to-attract-dollar-inflow-12005120 #creator program