Govt allows financial institutions to raise Rs 50,000 cr via tax-free bonds
PTI : New Delhi, Feb 28 2013, 14:13 IST
tax on interest paid to non-resident investors was reduced last year from 20 per cent to 5 per cent.
The government had allowed financial institutions to raise Rs 60,000 crore through Infrastructure Debt Funds (IDFs) last year.
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