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India to scrap capital gains tax on foreign investment in government bonds, ET reports

MUMBAI, June 4 (Reuters) – India plans to scrap capital gains tax on investments in ​government securities by foreign portfolio investors (FPIs), ‌the Economic Times reported on Thursday, citing sources. The plan is part of efforts to draw ​capital flows into India, amid ​pressure on the South Asian nation’s ⁠currency. Reuters could not independently verify the ​report. An email to the federal finance ​ministry went unanswered. Here are more details from the report: Cabinet meet on Wednesday approved the scrapping of capital ​gains tax on foreign portfolio investment ​in government bonds. Decision likely to be implemented via an ‌ordinance ⁠amending

US House approves war powers resolution to halt military action against Iran, in a rebuke of Trump

WASHINGTON, June 4, 2026 (AP) — US House for the first time Wednesday approved a war powers resolution that would halt the U.S. military action against Iran, defying President Donald Trump as a handful of Republicans joined with Democrats to end the three-month-long conflict that has reordered politics at home and abroad. House Speaker Mike Johnson had tried to prevent an outcome that would show the mounting opposition to the war, abruptly shutting down floor action two weeks ago when the resolution was on the verge of approval. But displeasure has only grown as the conflict drags on and as

Trump confirms he called Netanyahu ‘crazy,’ as he says Israel is complicating peace talks with Iran

BEIRUT, June 3, 2026 (AP) — President Donald Trump in an interview released Wednesday confirmed an earlier report that he criticized Israeli Prime Minister Benjamin Netanyahu as “crazy” in a Monday phone call, saying he was “a little bit perturbed” that Israel’s fighting of Hezbollah in Lebanon was holding back peace talks with Iran. But even as the U.S. president acknowledged the tensions, he insisted that his relationship with Netanyahu was solid and they connected, in part, because they’re both “wartime” leaders. “We’ve worked very well together. I like Bibi a lot. And I work very well with him,” Trump

58 rebel MLAs elect Ritabrata as LoP; Speaker accepts claim, formalising split in TMC

Kolkata, Jun 3 (PTI) The TMC split for the first time in its 28-year history on Wednesday as 58 rebel MLAs seized control of the party’s legislature wing, elected expelled legislator Ritabrata Banerjee as its leader and secured recognition from the West Bengal Assembly Speaker. Banerjee, however, sought to temper the rebellion by urging the former chief minister and TMC supremo Mamata Banerjee to serve as chief adviser to the newly constituted legislature team, even as the dissidents declared themselves the “real” Trinamool Congress in the Assembly. The dramatic development marked the culmination of a revolt that began with allegations

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