The government, however, has missed the opportunity to increase the availability of risk capital by not removing the long-term capital gains tax on equities. The government is clearly looking at attracting foreign capital and announced many steps in that direction. It has announced issuance of specific securities to Non Resident Investors, which could pave way for listing of some of Indian government bonds on the global bond indices. Such listing would ensure continued passive FPI flows which would help in funding the government fiscal deficit. Also, the government announced increase in foreign portfolio investor (FPI) limits for investments in corporate bonds from 9 per cent currently to 15 per cent of outstanding.