India’s Centre Grants Tax Exemption to Foreign Institutional Investors on Gov’t Securities Gains

News On AIR reports a new tax exemption policy. The Centre has granted relief to foreign institutional investors. The exemption applies to capital gains on government securities. The measure targets foreign investment in sovereign debt. The announcement was made by the Indian government. No further details are included in the source excerpt. The policy aims to affect the tax treatment of investors. Full information is available in the News On AIR article.