The Union Cabinet, led by PM Narendra Modi, has approved an ordinance to simplify tax rules for foreign investors in specific securities. Aimed at making Indian financial markets more attractive, this move follows a record withdrawal of ₹2.25 lakh crore by FPIs since January and a 6% decline in the rupee's value against the US dollar. The tax relief is expected to attract foreign capital and support the economy.
https://propunjabtv.com/indias-big-step-for-foreign-investment-modi-government-approves-major-tax-reform/
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