India may cut withholding tax on rupee infra bonds: RBI deputy

Source : REUTERS
Last Updated: Fri, Oct 12, 2012 12:46 hrs
(Blank Headline Received)

A reduction of the withholding tax on rupee infrastructure bonds from 20 percent to 5 percent is high on the government's agenda, the Reserve Bank of India's Deputy Governor H.R. Khan said on Friday, on the sidelines of an industry event.

The government had cut the withholding tax on external commercial borrowings and on dollar-denominated infrastructure bonds recently.

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