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Government exempts tax for interest income on specified off-shore rupee denominated bonds

Updated : September 18, 2018 06:46 AM IST

Aimed at increasing inflow and reducing the outflow of dollars, the government on Friday announced five measures.
According to the multi-pronged strategy announced by finance minister Arun Jaitley to contain the CAD and augment the foreign exchange inflow the low-cost foreign borrowings through off-shore rupee denominated bond have been further incentivised to increase the foreign exchange inflow.
Government exempts tax for interest income on specified off-shore rupee denominated bonds

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