Niti Aayog proposes national caregiving policy, regulator to build India's care economy
Niti Aayog said professionalizing caregiving would improve care for older people, those with disabilities and others requiring long-term support while generating employment, increasing women's labour force participation and positioning India as a trusted global provider of trained caregivers.
The Taxation and Other Laws (Amendment) Bill, 2026, introduced in the Lok Sabha on Tuesday, seeks to implement tax and regulatory reforms aimed at attracting foreign capital and bolstering India's manufacturing sector under the Make in India initiative. The Bill proposes amendments to the Payment and Settlement Systems Act, 2007, the Income Tax Act, 2025, and the Finance Act, 2026, with a focus on simplifying rules governing offshore investment funds, restoring tax exemptions on dividends for investors in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), and easing compliance for foreign cloud companies and data centers.
Additionally, the Bill extends tax exemptions for foreign companies supplying machinery to electronics manufacturers and establishes a 15-year tax exemption for storage of electronic components, promoting long-term investments in the manufacturing sector.
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