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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Sovereign wealth funds get nod to invest in tax-free bonds

Posted on 13 August 2013

The Central Board of Direct Taxes has given its nod for several State-owned entities to mobilise Rs 48,000 crore this fiscal through tax-free bond issuances.
As many as 12 State-owned entities and the National Housing Bank (a subsidiary of the Reserve Bank of India) have been allowed to raise funds through this route, after analysing their need and capacity to raise money in the market. The tenure of the bonds could be 10, 15 or 20 years………………………………………..Full Article: Source


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