Mar 5, 2011
India: Shipping ministry to raise Rs 5,000 cr via tax-free bonds
The shipping ministry will raise Rs 5,000 crore via tax-free bonds through the Maritime Finance Corporation, to be set up under its Maritime Agenda, 2020. Budget 2011-12 allowed the ports sector to raise this money by way of issuing tax-free bonds.
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Source: Business Standard
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