New Delhi, June 5 (IANS) The central government on Friday issued the Income‑tax (Amendment) Ordinance, 2026, exempting foreign investors from paying taxes on interest income and capital gains arising from investments in government securities.The ordinance, effective April 1, 2026, amends Schedule IV of the Income‑tax Act, 2025, to add new entries exempting “any interest on Government security, and any capital gains arising from the sale, exchange or transfer of such Government security” …
Latest Sovereign Wealth Funds News & Updates
Washington, May 22 (IANS) Democratic senators have raised national security and press freedom concerns over a proposed media merger that could allow sovereign wealth funds from Saudi Arabia, the United Arab Emirates and Qatar to acquire major stakes in Paramount Global and its broadcast television assets, including CBS-owned stations and potentially CNN.In a letter to Federal Communications Commission (FCC) Chairman Brendan Carr, six senators led by Maria Cantwell and Ben Ray Lujan urged a “ri…
New Delhi, Feb 17 (IANS) Finance Minister Nirmala Sitharaman, during her official trip to Norway, has told leaders in the country that India’s economic growth offers lots of opportunities to invest and grow.During her meeting with Jens Stoltenberg, Norway’s Minister of Finance, she discussed working together in the renewable sector, especially solar power, rare earth processing, carbon capture and storage.“Both leaders agreed to work towards leveraging the Trade and Economic Partnership Agre…
New Delhi, Jan 20 (IANS) As the government nears the presentation of the Union Budget 2026-27 on February 1, the Finance Ministry on Tuesday reflected on the significant Budget announcements and the progress made under them.The Finance Act 2025 introduced comprehensive changes to the Personal Income Tax structure under the New Tax Regime (NTR), leaving more money in taxpayers’ hands.“These changes are effective from FY 2025-26 (AY 2026-27),” Finance Ministry said in a post on X.The Income …