Thursday, April 30, 2020

Government may raise up to Rs 10,000 crore via tax-free bonds

The finance ministry has begun negotiations with bankers on a likely tax-free bond issue. The money may be raised in multiple instalments. The government plans to raise temporary funds from the central bank through ways and means advances (WMA), a short-term borrowing window. The structure of the issue and number of instalments are yet to be decided.

from Economy-News-Economic Times https://ift.tt/3d4GlsA
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