India is set to eliminate capital gains tax on foreign portfolio investors' holdings in government securities to attract overseas investment and cushion its economy from the Middle East crisis. The move, cleared by the Union Cabinet, aims to counter significant foreign capital outflows and rupee depreciation.
India's Union Cabinet recommended an ordinance to ease tax rules for foreign investors in certain securities, aiming to strengthen the rupee amid record FPI withdrawals and economic concerns.
India's Union Cabinet approved development initiatives worth Rs 30,290 crore, including Rs 10,000 crore for Aviation Turbine Fuel price stabilization, a Rs 9,585 crore scheme to replace old trucks/buses in Delhi-NCR, and four highway projects.
India's government approved a $1.2 billion fund to stabilize Aviation Turbine Fuel (ATF) prices for airlines, shielding them from Middle East conflict-driven surges. The fund aims to prevent fare spikes, protect jobs, and maintain connectivity.
The Union Cabinet has approved a Rs 25,000-crore scheme to modernize India's food security network, aiming to enhance efficiency, transparency, and citizen engagement through AI-driven tools and multilingual grievance redressal.
The Union Cabinet approved a Rs 37,500 crore scheme to promote surface coal and lignite gasification, aiming to gasify 75 million tonnes of coal, attract Rs 3 lakh crore in investments, and reduce dependence on imports like LNG and urea.
India's Union Cabinet approved three railway projects totaling ₹23,437 crore, adding 901 km to the network. Aimed at boosting capacity and reducing congestion, these projects will improve connectivity and logistics for essential goods.
