Government announces measures to attract foreign capital

The government has announced measures to attract foreign capital, aiming to deepen the capital market and ease investment for foreign individuals. Changes include rules regarding investments by foreign individuals in Indian stocks, offering more investment options to foreign portfolio investors, and making income on government bonds tax free with retrospective effect. The move aims to enhance the ease of investment for individual Persons Resident Outside India and Foreign Portfolio Investors, and to attract stable long-term foreign capital flows.