INDIAN EXPRESS DATED 15th May 2026

Summary of Important News Items Editorials-339

INDIAN EXPRESS DATED 15th May 2026.

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1.     Government considers cut in withholding tax to attract foreign investors

The Centre and RBI are considering reducing or removing withholding tax on government bonds held by foreign investors to revive capital inflows amid external economic pressure. The logic is that India needs stable foreign investment to defend the rupee, strengthen forex reserves and manage current account stress caused by the West Asia conflict. The stand reflects cautious economic management balancing austerity with investment incentives. The editorial gist is that India faces a foreign capital strike and must make markets more attractive without creating fiscal instability. Policymakers are divided over whether tax cuts alone can revive inflows when global interest rates remain high. The report also highlights fears over continued rupee depreciation and heavy RBI intervention in forex markets. The broader message is that India is entering a period of economic tightening where fuel conservation, reduced imports and external account stability are becoming national priorities.

2.     Supreme Court questions PM-led panel for selecting Election Commissioners