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.
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.
