India will provide additional budgetary support of 50 billion rupees to its railways in
2009/10 and its financing arm Indian Railways Finance Corporation will issue tax-free
bonds, the railways minister said on Friday.
"Finance ministry has approved the issue of tax-free bonds by IRFC for the first time after
a gap of several years," Railways Minister Mamata Banerjee said, while presenting the
railway budget for 2009/10.
In an interim budget in February, the budgetary support was 108 billion rupees, she said.
source :
http://in.news.yahoo.com/137/20090703/748/tbs-mamata-banerjee-to-increase-railway.html
2009/10 and its financing arm Indian Railways Finance Corporation will issue tax-free
bonds, the railways minister said on Friday.
"Finance ministry has approved the issue of tax-free bonds by IRFC for the first time after
a gap of several years," Railways Minister Mamata Banerjee said, while presenting the
railway budget for 2009/10.
In an interim budget in February, the budgetary support was 108 billion rupees, she said.
source :
http://in.news.yahoo.com/137/20090703/748/tbs-mamata-banerjee-to-increase-railway.html
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