The Economic Times

Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS

A groundbreaking bill has been introduced to boost foreign investment while fostering local manufacturing in India. By simplifying regulations for fund managers and foreign cloud enterprises, the initiative aims to attract funding. Additionally, extended tax breaks for electronics manufacturing and component storage are part of the plan. The bill also introduces fees on specific electronic payment methods, positioning India as a more appealing destination for global investors.