Sitharaman introduces tax amendment Bill to attract global capital, strengthen manufacturing
Union Finance Minister Nirmala Sitharaman introduced a tax amendment Bill in the Lok Sabha to amend the Payment and Settlement Systems Act, Income-tax Act, and Finance Act. The Bill aims to attract global capital and support manufacturing by replacing the Income-tax (Amendment) Ordinance, which provided tax exemptions to foreign investors. The Lok Sabha will discuss the Bill further in the ongoing session.