India Considers Tax Cuts on Foreign Bond Investments
India is reportedly considering a reduction in taxes on bond investments made by foreigners. This measure aims to help arrest the fall of the rupee and attract more foreign capital.
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India Considers Reducing Taxes on Bond Investments by Foreigners - Bloomberg.com
India Considers Reducing Taxes on Bond Investments by Foreigners Bloomberg.com
Read full article →Arresting rupee’s fall: India eyes cut in taxes on bond investments by foreigners
The proposal was suggested by the Reserve Bank of India and is currently under active consideration by the Finance Ministry, sources said. Talks around reducing taxes for overseas investors have accelerated amid efforts to slow the rupee’s decline, they added.
By TOI BUSINESS DESK
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