India Scraps Capital Gains Tax on Foreign Investment in Government Bonds

India has officially scrapped the capital gains tax for certain investors. The policy change targets foreign investment in government bonds. This decision was highlighted by Siliconindia. By removing this tax, the government seeks to boost bond market activity. Foreign Portfolio Investors are the primary beneficiaries of this move. The change aims to strengthen the attractiveness of Indian securities. This fiscal update is a key development for international investors. Market participants are evaluating the long-term effects of this tax removal.