Govt may raise up to Rs 10,000 Cr via tax-free bonds
PrintListen to this Article
0:00
0:00
The government is seeking to raise up to Rs 10,000 crore in its maiden tax-free bond issue to help bridge the fiscal gap, which is set to widen in the aftermath of Covid-19-induced economic disruptions and low tax collections.
The finance ministry has begun negotiations with bankers on a likely tax-free bond issue. The money may be raised in multiple instalments, people aware of the plan told ET.
“We are in talks with bankers and other resources regarding the launch of such an issue,” said one of them.
The government plans to raise temporary funds from the central bank through ways and means advances (WMA), a short-term borrowing window. However, this may not be sufficient to meet anticipated immediate expenses, said the people cited above.#casansaar (Source - Economic Times)
The finance ministry has begun negotiations with bankers on a likely tax-free bond issue. The money may be raised in multiple instalments, people aware of the plan told ET.
“We are in talks with bankers and other resources regarding the launch of such an issue,” said one of them.
The government plans to raise temporary funds from the central bank through ways and means advances (WMA), a short-term borrowing window. However, this may not be sufficient to meet anticipated immediate expenses, said the people cited above.#casansaar (Source - Economic Times)
Category : Income Tax | Comments : 0 | Hits : 1441
Also Read -
Income tax Dept. carries out nation-wide verification exercise on Restaurants suppressing turnover
The Income Tax Department has recently conducted a nationwide verification exercise targeting restaurants suspected of under-reporting their actual sales. This action follows an earlier investigation ...
If you earn income other than salary or have multiple income streams, the advance tax deadline falling today—Monday, December 15, 2025—should not be overlooked. Failure to pay advance tax ...
If you earn income other than salary or have multiple income streams, the advance tax deadline falling today—Monday, December 15, 2025—should not be overlooked. Failure to pay advance tax ...
Comments