India scrapping tax for foreign investors in govt bonds aimed at inclusion in Bloomberg index, govt official says
India has removed capital gains tax on foreign investments in government bonds. This move aims to help India join Bloomberg's Global Aggregate Index. Meanwhile, the fertiliser ministry is requesting more subsidy funds. This is due to rising global...
By Reuters |
IANS
NEW DELHI: The Indian government decision to scrap capital gains tax on foreign portfolio investments in government securities is aimed at helping India's inclusion in Bloomberg's Global Aggregate Index, a government official said on Tuesday.
India's fertiliser ministry is seeking doubling of the budgeted subsidy amount as global prices rise amid the U.S.-Israeli war with Iran, the official said.
India's fertiliser ministry is seeking doubling of the budgeted subsidy amount as global prices rise amid the U.S.-Israeli war with Iran, the official said.
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