India, June 4 -- Cabinet Clears Major Tax Reform: Foreign Investors Get Capital Gains Tax Exemption on G-Secs- The Union Cabinet might have just given foreign investors yet another reason to look twice at India's bond market. In a pretty notable policy shift, the government has greenlit a proposal to fully remove capital gains tax on foreign investments made in Indian government securities (G-Secs), kind of a move meant to make the nation's debt arena more appealing on the global stage. It's like they're laying down a slightly more friendly red carpet for overseas capital, especially while global investors have been quietly pulling money out of emerging markets. The Cabinet has also cleared an ordinance to tweak the Income Tax Act and so ...