India Eliminates Capital Gains Tax on Foreign Investors’ Government Bond Holdings

India announced the removal of capital gains tax on government bonds held by foreign investors. The policy change was reported by indica News. The removal eliminates a tax that previously applied to gains on those bonds. The adjustment could influence foreign investors’ decisions on Indian bonds. Officials indicated the change is part of broader financial reforms. The move may affect demand for government securities. Analysts will monitor any impact on fiscal revenue. The change takes effect as India seeks to attract more overseas capital.