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Indian Markets Tumble as West Asia Conflict Sparks Global Sell-Off; Sensex Drops Over 580 Points, Rupee Weakens
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Indian Markets Tumble as West Asia Conflict Sparks Global Sell-Off; Sensex Drops Over 580 Points, Rupee Weakens

Indian equity markets witnessed a sharp decline as renewed geopolitical tensions in West Asia rattled investors across global financial markets. Mounting concerns over the widening regional conflict, rising crude oil prices, and uncertainty in international markets prompted investors to reduce exposure to riskier assets, leading to broad-based selling across Indian equities. The benchmark indices closed...

Centre Abolishes Capital Gains and Withholding Tax on Foreign Investments in Government Bonds to Boost Capital Inflows
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Centre Abolishes Capital Gains and Withholding Tax on Foreign Investments in Government Bonds to Boost Capital Inflows

In a significant policy move aimed at strengthening foreign capital inflows and enhancing the attractiveness of India’s debt market, the central government has announced the removal of capital gains tax and withholding tax on investments made by eligible foreign investors in government securities. The decision comes at a time when policymakers are seeking to reinforce...