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Govt may cut withholding tax on rupee infra bonds: RBI deputy governor
12 Oct 2012, 06:34 PM IST
A reduction of the withholding tax on rupee infrastructure bonds from 20 per cent to 5 per cent 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.
Copyright @ Thomson Reuters 2012
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