Finance Minister Arun Jaitley today said deepening corporate bond market is a top priority of the government and it has accepted most of the recommendations of HR Khan Committee which will be implemented in 6-8 months. Addressing a seminar on "Challenges in Developing the Bond market in BRICS" in Mumbai he said that Corporate Bond market will play a crucial role as all BRICS countries have heavy capital requirements. He reiterated that India aims to become the most favourite destination for investment. Some of the suggestions that came forward from various sessions held during the day were, tax on income from bonds is still high and hence the tax rate be brought down. It is also suggested that uniform stamp duty may be levied across the states. Unified approach to credit rating system and creation of BRIC rating agency was suggested as well. The Seminar was jointly organized by the Department Economic affairs and CII and experts from Brazil, Russia, India, China and South Africa, World Bank, JICA and OECD participated in it.