Income-tax (Amendment) Ordinance, 2026 Notified: Govt Gives Tax Relief on G-Sec Investments for FIIs- So the Centre has officially issued and promulgated the Income-tax (Amendment) Ordinance, 2026, which I guess is meant to be a rather big tax relief for Foreign Institutional Investors (FIIs). It basically waives capital gains and also interest income earned from investments in government securities, the so-called G-Secs. It was published in the Gazette of India on Friday and the Ordinance is amending the Income-tax Act, 2025, and, importantly, it has been applied retrospectively starting from April 1, 2026. In plain terms, India is making its sovereign debt market more appealing for overseas investors, because the tax friction on G-Sec returns is being removed. This step is being read as a strategic nudge to lift foreign participation, especially when global capital flows are still very sensitive to uncertainty and changing risk appetite.