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India may cut withholding tax on rupee infra bonds-cbank deputy

Source : REUTERS
Last Updated: Fri, Oct 12, 2012 12:52 hrs
Indian currency of different denominations are seen in this picture illustration taken in Mumbai

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.

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


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