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Government of India announces measures to deepen the Government Securities market
This alert summarizes a series of reforms announced by the Government of India [as outlined in the Press Release dated 5 June 2026 issued by the Ministry of Finance (Press Release)], aimed at deepening the Government Securities (G Secs) market and enhancing Foreign Portfolio Investor (FPI) participation.
The reforms include significant liberalization of the tax and regulatory framework governing FPI investments in G Secs. Concurrently with the issuance of the Press Release, the Reserve Bank of India issued the A.P. (DIR Series) Circular No 11 dated 5 June 2026 and the President of India promulgated the Income tax (Amendment) Ordinance, 2026 to give effect to the measures announced in the Press Release.