Infrastructure bonds: Govt may reduce withholding tax for FIIs

Jan 22 2013, 12:26 IST
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The government is planning to reduce withholding tax for foreign institutional investors.  (Reuters) The government is planning to reduce withholding tax for foreign institutional investors. (Reuters)
Summary* Proposals being considered as a part of the Finance Bill, 2013

variations increases the cost of issuing such papers.

As such, the finance ministry is working on host of other measures to jump-start activity in the corporate bond market for ultimately benefiting India Inc. Apart from asking banks to cut their exposure to top listed companies by 10 per cent of their current levels, it is also planning to allow full reinvestment of debt papers of FIIs.

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