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

by fwire  Oct 12, 2012 22:45 IST

#Business   #India   #NewsTracker  

MUMBAI (Reuters) - 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.

(Reporting by Shamik Paul; Editing by Rafael Nam)

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