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

Times of India1h agoAI sentiment: neutral
Cabinet backs ordinance to ease tax rules for foreign investors in some securities

The Union Cabinet has recommended an ordinance to ease tax rules for foreign investors in certain securities, aiming to strengthen the rupee. This move follows significant foreign portfolio investor withdrawals and addresses concerns raised by FPIs regarding capital gains and securities transaction taxes.

This summary was generated by PolitGlobe's AI pipeline from publicly available reporting at Times of India. For the full original article, visit the source below.

Read full article at Times of India
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