Indian Railway Finance Corporation (IRFC) has been authorized by the
Ministry of Finance to issue tax-free bonds for a total amount of
Rs.6,000 crore during the financial year 2015-16 through public issue /
private placement. The funds would be utilised mainly to finance
acquisition of rolling stock for use by the Railways. The target for raising funds through tax-free bonds is Rs. 6,000 crore as authorised by the Ministry of Finance. This information was given by the Minister of State for Railways Shri
Manoj Sinha in a written reply to a question in Lok Sabha yesterday.
No comments:
Post a Comment