Govt Introduces Bill to Ease Business

The government has introduced the Taxation and Other Laws (Amendment) Bill, 2026, which aims to provide greater tax certainty for businesses operating in India. The bill will amend the Payment and Settlement Systems Act, 2007, Income-tax Act, 2025, and the Finance Act, 2026. It simplifies tax frameworks for offshore investment funds and fund managers, and extends tax exemptions for electronics manufacturing and diamond trade. The Lok Sabha has passed the Taxation and other Laws (Amendment) Bill.