India Strengthens Its Global Debt Market Position Through Sovereign Bond Tax Relief

In a strategic move to strengthen its position in global debt markets and enhance its appeal to international investors, the Government of India has promulgated the Income-tax (Amendment) Ordinance, 2026. The Ordinance exempts specified foreign investors from tax on interest income and capital gains arising from investments in Indian Government Securities, reinforcing India’s commitment to creating an investor-friendly and globally competitive financial ecosystem. While the…

Understanding RBI FLA Return under FEMA for Businesses with Foreign Investments

What is the RBI FLA Return and Why is it Important for Businesses? The Annual Return on Foreign Liabilities and Assets (FLA Return) is a mandatory annual reporting requirement prescribed by the Reserve Bank of India (RBI) under the Foreign Exchange Management Act (FEMA), 1999. The return captures details relating to foreign investments received in India as well as overseas investments made by Indian entities.…