Published on Fri, Nov 20, 2009 at 11:34 | Source : Reuters
Updated at Fri, Nov 20, 2009 at 11:38
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Ahluwalia says not looking at tax on inflows
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.
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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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.
