New Delhi, June 6 -- The government on Friday announced a series of measures to attract foreign investment to shore up India's capital account, including changes in rules regarding investments by foreign individuals in Indian stocks, offering more investment options to foreign portfolio investors (FPIs), and making income on government bonds tax free with retrospective effect from April 1. The move is in line with the government's commitment to strengthen India's position as a leading global investment destination and to deepen the capital market, the Union finance ministry said in a statement. Building on the recent initiatives to enhance ease of doing business in capital markets, further reforms have been announced to make foreign investment in equities and G-Secs more accessible, efficient, and globally competitive, it added. The measures are aimed at enhancing the ease of investment for individual Persons Resident Outside India (PROIs) and FPIs, and to attract stable long-term foreign capital flows, the ministry said. With India's current account under pressure, on account of both risks to India's software services exports (from AI), and geo-political developments, a stable capital account will help. To be sure, the liberalisation of investments by individual PROIs is as per the announcement in the Budget 2026-27. It proposed that PROI would be permitted to invest in equity instruments of listed Indian companies through the portfolio investment scheme that was earlier available only to NRIs and OCIs. It also proposed that the investment limit would be increased for an individual PROI from 5% to 10% in any company, with an overall investment limit to 24%, from the current 10%. The government on Friday notified these changes. "This notification will facilitate more proactive mobilisation of foreign portfolio capital by leveraging the existing onboarding systems already in place for NRI/OCI investors. Simplified onboarding and reduced compliance norms would further enhance ease of doing business, while attracting a broader base of relatively stable individual foreign investors. This will also support more stable foreign inflows into Indian equity markets," the ministry said in its statement....