NEW DELHI: The Union Cabinet on Wednesday recommended an ordinance to ease tax rules for foreign investors in some categories of securities.The details of the proposal moved by the finance ministry were not immediately available. However, it is being seen as an effort to help strengthen the rupee, which has weakened 6% against the US dollar as foreign portfolio investors have pulled out a record Rs 2.6 lakh crore from equities since Jan.The move is likely part of a coordinated action with Reserve Bank of India, which is expected to announce measures on Friday following the monetary policy committee meeting that began on Wednesday.Govt has been seeking to address concerns of various sectors, through measures such as a govt-guaranteed credit line for businesses and a package for exporters, apart from adjustments in duties, including fuel, to insulate the economy from the impact of the West Asia war.But the slide of the rupee and the constant FPI withdrawal from the market has been an area of concern.In the run-up to the Union budget, representatives of FPIs had sought tax changes, including a review of the capital gains tax regime for listed securities, and argued against levy of capital gains tax and securities transaction tax. Tax experts have said that over the years, govt has increased long-term and short-term capital gains tax, while levying STT, which makes investments in India less attractive.End of ArticleFollow Us On Social MediaVideosBoost For Air Defence: 4th S-400 Squadron ‘Starts Arriving In India From Russia’Pakistan Embarrassed In Japan As ‘Illegal’ Mosque Inaugurated In Presence Of Envoy Faces DemolitionVijay’s TVK Offers Rajya Sabha Seat To Congress Ahead Of June 18 PollFinal 1% Left To Resolve In India-US Trade Deal: US Envoy Sergio GorFirhad Hakim Resigns As Kolkata Mayor, TMC Says Mamata Banerjee ‘Permitted’ HimExpelled TMC Leader Ritabrata Banerjee Appointed LoP, Urges Mamata To Be Rebels’ ‘Chief Advisor”Cease Such Attacks’: India Condemns Kuwait Airport Attack That Killed Indian CitizenHow A Class 12 Student Traced The CBSE-Coempt Tender Trail And Raised Tough QuestionsMamata’s TMC Orders Organisational Reset Amid Growing MLA Revolt Buzz | WatchThe US Just Threatened India With New Tariffs Mid-Negotiation. Here’s The Full Story123PhotostoriesOffice commute in 45°C? Here are 5 summer survival hacks every working woman needs10 rare snakes found in the Amazon rainforest and what travellers should knowExpert says these 5 toddler behaviours may feel frustrating to parents, but they are completely normalKangana Ranaut skips fast fashion, embraces handloom royalty in Gaurang Shah’s majestic Kanjeevaram sareeBenefits of Tulsi Mala according to hindu traditions8 metro corridors driving residential growth and transforming India’s urban housing landscapeGreen anacondas can do THIS? 10 facts that may surprise youKatrina Kaif to Kareena Kapoor Khan: Bollywood actresses who became mothers after 40 and broke stereotypesLalit Modi’s crores-worth London mansion is a 7,000 sq ft cricketing den with signed jerseys, lavish interiors and a private liftUttarakhand’s Valley of Flowers is now open for 2026: Everything travellers need to know before visiting123Hot PicksDelhi Restaurant FireRitabrata BanerjeeDonald TrumpAbhishek BanerjeeJay Silva Cause of DeathWI vs SLMaria SharapovaPat CumminsRitabrata BanerjeeTop TrendingDelhi Malviya Nagar Restaurant FireBengaluru MurderK AnnamalaiPatrik LaineMaja chwalinskaDK ShivakumarKarnataka Family MurderSouth Delhi Building CollapseMamata BanerjeeAbhishek Banerjee

NEW DELHI: The Union Cabinet on Wednesday recommended an ordinance to ease tax rules for foreign investors in some categories of securities.The details of the proposal moved by the finance ministry were not immediately available. However, it is being seen as an effort to help strengthen the rupee, which has weakened 6% against the US dollar as foreign portfolio investors have pulled out a record Rs 2.6 lakh crore from equities since Jan.The move is likely part of a coordinated action with Reserve Bank of India, which is expected to announce measures on Friday following the monetary policy committee meeting that began on Wednesday.Govt has been seeking to address concerns of various sectors, through measures such as a govt-guaranteed credit line for businesses and a package for exporters, apart from adjustments in duties, including fuel, to insulate the economy from the impact of the West Asia war.But the slide of the rupee and the constant FPI withdrawal from the market has been an area of concern.In the run-up to the Union budget, representatives of FPIs had sought tax changes, including a review of the capital gains tax regime for listed securities, and argued against levy of capital gains tax and securities transaction tax. Tax experts have said that over the years, govt has increased long-term and short-term capital gains tax, while levying STT, which makes investments in India less attractive.End of ArticleFollow Us On Social MediaVideosBoost For Air Defence: 4th S-400 Squadron ‘Starts Arriving In India From Russia’Pakistan Embarrassed In Japan As ‘Illegal’ Mosque Inaugurated In Presence Of Envoy Faces DemolitionVijay’s TVK Offers Rajya Sabha Seat To Congress Ahead Of June 18 PollFinal 1% Left To Resolve In India-US Trade Deal: US Envoy Sergio GorFirhad Hakim Resigns As Kolkata Mayor, TMC Says Mamata Banerjee ‘Permitted’ HimExpelled TMC Leader Ritabrata Banerjee Appointed LoP, Urges Mamata To Be Rebels’ ‘Chief Advisor”Cease Such Attacks’: India Condemns Kuwait Airport Attack That Killed Indian CitizenHow A Class 12 Student Traced The CBSE-Coempt Tender Trail And Raised Tough QuestionsMamata’s TMC Orders Organisational Reset Amid Growing MLA Revolt Buzz | WatchThe US Just Threatened India With New Tariffs Mid-Negotiation. Here’s The Full Story123PhotostoriesOffice commute in 45°C? Here are 5 summer survival hacks every working woman needs10 rare snakes found in the Amazon rainforest and what travellers should knowExpert says these 5 toddler behaviours may feel frustrating to parents, but they are completely normalKangana Ranaut skips fast fashion, embraces handloom royalty in Gaurang Shah’s majestic Kanjeevaram sareeBenefits of Tulsi Mala according to hindu traditions8 metro corridors driving residential growth and transforming India’s urban housing landscapeGreen anacondas can do THIS? 10 facts that may surprise youKatrina Kaif to Kareena Kapoor Khan: Bollywood actresses who became mothers after 40 and broke stereotypesLalit Modi’s crores-worth London mansion is a 7,000 sq ft cricketing den with signed jerseys, lavish interiors and a private liftUttarakhand’s Valley of Flowers is now open for 2026: Everything travellers need to know before visiting123Hot PicksDelhi Restaurant FireRitabrata BanerjeeDonald TrumpAbhishek BanerjeeJay Silva Cause of DeathWI vs SLMaria SharapovaPat CumminsRitabrata BanerjeeTop TrendingDelhi Malviya Nagar Restaurant FireBengaluru MurderK AnnamalaiPatrik LaineMaja chwalinskaDK ShivakumarKarnataka Family MurderSouth Delhi Building CollapseMamata BanerjeeAbhishek Banerjee


Cabinet backs ordinance to ease tax rules for foreign investors in some securities

NEW DELHI: The Union Cabinet on Wednesday recommended an ordinance to ease tax rules for foreign investors in some categories of securities.The details of the proposal moved by the finance ministry were not immediately available. However, it is being seen as an effort to help strengthen the rupee, which has weakened 6% against the US dollar as foreign portfolio investors have pulled out a record Rs 2.6 lakh crore from equities since Jan.The move is likely part of a coordinated action with Reserve Bank of India, which is expected to announce measures on Friday following the monetary policy committee meeting that began on Wednesday.Govt has been seeking to address concerns of various sectors, through measures such as a govt-guaranteed credit line for businesses and a package for exporters, apart from adjustments in duties, including fuel, to insulate the economy from the impact of the West Asia war.But the slide of the rupee and the constant FPI withdrawal from the market has been an area of concern.In the run-up to the Union budget, representatives of FPIs had sought tax changes, including a review of the capital gains tax regime for listed securities, and argued against levy of capital gains tax and securities transaction tax. Tax experts have said that over the years, govt has increased long-term and short-term capital gains tax, while levying STT, which makes investments in India less attractive.



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