New Delhi, June 6 -- The PHD Chamber of Commerce and Industry (PHDCCI) has hailed the Income-tax (Amendment) Ordinance, 2026 as a major reform that is expected to attract greater foreign investment into Indian Government Securities, deepen the country's bond market and strengthen capital inflows.
The ordinance exempts interest income and capital gains earned by Foreign Institutional Investors (FIIs) and the Bank for International Settlements (BIS) from investments in Government Securities. According to PHDCCI, the move will enhance the attractiveness of Indian sovereign bonds by improving post-tax returns for global investors.
Industry experts believe the tax relief will encourage increased participation by foreign investors under both th...