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Big news on stock market amid 8th Pay Commission! Finance Minister said- ‘This is just the beginning, more big changes will come’
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Big news on stock market amid 8th Pay Commission! Finance Minister said- ‘This is just the beginning, more big changes will come’

me.sumitji@gmail.com 15 Jun 2026 5 hours ago

A significant announcement is reshaping India’s approach to attracting foreign investment. Finance Minister Nirmala Sitharaman, speaking at the Hero Mindmine Summit 2026 on Monday, announced that the government will take major steps to bring foreign capital back into the country’s markets. She emphasized that the exemption from interest and capital gains tax on foreign investments in government securities is merely the first move, with many more substantial decisions coming in the near future.

The government’s confidence in India’s market potential reflects its belief that the nation requires continued foreign capital inflows. The Reserve Bank of India (RBI) has already moved to support this initiative by approving a currency swap facility for banks under foreign currency non-resident deposits on June 5, allowing banks to reduce their currency risk through dollar deposit exchanges with the RBI.

Comprehensive Measures to Combat Global Economic Pressures

The government is implementing multiple strategies to boost foreign capital inflows. Public sector companies are being encouraged to raise external commercial borrowings (ECB) from abroad and have been offered a concessional foreign currency swap facility valid until September 30.

Finance Minister Sitharaman clarified that under the new RBI structure, the central bank will absorb all currency risk costs, enabling banks to raise resources without obstacles. She acknowledged that India currently faces significant economic headwinds from heavy imports of raw materials, crude oil, and fertilizers.

The Finance Minister stressed that global conditions are rapidly evolving with new challenges emerging weekly, requiring India to remain prepared for unforeseen economic emergencies.

Understanding the Current Market Crisis

The aggressive policy push stems from alarming stock market trends. Rising global tensions, sluggish global economic growth, and rupee weakness have prompted foreign investors to withdraw from Indian markets at an accelerating pace.

During the first 15 days of June alone, foreign investors sold shares valued at over Rs 62,853 crore from the Indian stock market. According to National Securities Depository Limited (NSDL) data, this dramatic selloff has pushed total Foreign Portfolio Investor (FPI) withdrawals in 2026 to Rs 2.87 lakh crore.

This figure is deeply concerning as it already exceeds the total withdrawal of Rs 1.66 lakh crore recorded throughout the entire year 2025. This crisis has prompted the Finance Minister to take direct action and mobilize comprehensive market recovery measures.

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