Not looking at tax on inflows: Ahluwalia

Reuters
Posted: Friday, Nov 20, 2009 at 1133 hrs IST
Updated: Friday, Nov 20, 2009 at 1133 hrs IST

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New Delhi: India is not considering imposing a tax to curb capital inflows, and wants the inflows to rise a little more, the deputy chairman of the government's planning commission told Reuters on Friday.

"It (capital flows) is rising but we want it to rise a little bit more," Montek Singh Ahluwalia said.

Asked if there was a possibility of India imposing a tax to curb capital inflows, he said, "I don't, certainly not".

He said foreign fund inflows were needed for developing infrastructure, and were unlikely to create asset price bubbles.

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