New Mexico Measles Outbreak Cost Reached $5.4 Million, Study Finds 
Japanese Yen Rallies as Intervention Hopes and BOJ Outlook Weigh on USD/JPY 
UK Economy Faces 2027 Recession Risk if Strait of Hormuz Stays Closed, EY Warns 
US Investigates Moonshot Over Alleged Use of Advanced AI Chips and IP Theft 
Australia Job Ads Rise in July, Signaling Strong Labor Market Despite High Interest Rates 
Japan Economy Minister Downplays Inflation Risks Despite BOJ Warning 
25 Democratic-Led States Sue Trump Administration Over New Global Tariffs 
US Stock Futures Rise as Trump Signals Iran Talks, Markets Await SpaceX Earnings and Jobs Data 
Asian Stocks Slide as AI Selloff Hits South Korea, Oil Prices Drop on Iran Talks 
Trump Orders Section 301 Probe Into EU Tech Fines, Signals New Tariffs 
South Korea Exports Surge 62.8% in July on AI Chip Demand 
US Embassies Urge Americans to Leave Middle East as Iran Tensions Escalate 
Iran Warns of Retaliation as Trump Threatens New Strikes, Oil Risks Intensify 
China Defends Industrial Policy Ahead of Key U.S. and EU Trade Talks 
Gold Ends July Higher as Weaker Dollar Offsets Fed Inflation Concerns 
California ICE Detention Center Found to Have Inadequate Medical Care, Court Monitor Says 
US Customs Inspects China-Linked Factories in Vietnam Amid Trade Compliance Review 
India’s government is preparing a new package of tax reforms designed to attract foreign investment and strengthen the country’s manufacturing sector, according to a Bloomberg News report citing people familiar with the matter.
The proposed measures, which require parliamentary approval, are expected to provide greater tax certainty for international investors while supporting Prime Minister Narendra Modi’s broader strategy to position India as a leading global manufacturing hub.
Among the key proposals is the formalization of tax exemptions for overseas investors purchasing Indian government bonds. The government also plans to protect offshore investment funds from tax liabilities when their portfolios are managed by India-based fund managers, a move aimed at making India’s financial markets more attractive to global capital.
Bloomberg reported that lawmakers will also consider extending tax holidays for foreign suppliers of equipment used by domestic electronics manufacturers. The incentive, currently set to expire in 2031, would be extended until 2041. The tax benefits would apply to suppliers supporting the production of electronics such as mobile phones, laptops, tablets, and servers, reinforcing India’s push to expand local manufacturing capabilities.
In addition, Parliament is expected to review tax incentives for sectors including data centres and diamond mining, further broadening the government’s investment-friendly agenda.
The proposed reforms are part of the Modi administration’s efforts to attract multinational manufacturers, strengthen the Indian rupee, and improve the economy’s resilience following recent geopolitical tensions stemming from the U.S.-Iran conflict.
Finance Minister Nirmala Sitharaman is expected to introduce the legislation during the current parliamentary session. However, Bloomberg noted that parliamentary proceedings have faced repeated disruptions due to protests by opposition lawmakers, which could affect the timing of the bills.
If approved, the tax package would represent another significant step in India’s long-term strategy to boost foreign direct investment, expand high-tech manufacturing, and enhance its competitiveness as global companies continue to diversify their supply chains.
