India scrapping tax for foreign investors in govt bonds aimed at inclusion in Bloomberg index, govt official says

India scrapping tax for foreign investors in govt bonds aimed at inclusion in Bloomberg index, govt official says



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.



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