Infrastructure Bonds issued by Indian Railway Finance Corporation (IRFC). The interest income earned on such bonds is tax free (u/s 10 clause 15 of Income Tax Act). The bonds are issued by a Government Owned Undertaking and therefore carry a very high credit rating. The issue has been rated ‘AAA/Stable by CRISIL’, ‘LAAA by ICRA’ and […]
Infrastructure Bonds issued by Indian Railway Finance Corporation (IRFC)
November 13, 2011 By 6 Comments
Infrastructure Bonds in India
October 15, 2011 By 3 Comments
Infrastructure Bonds in India came into lime light in February 2010 when finance minister Pranab Mukherji proposed the inclusion of long term infrastructure bond in tax saving elements upto the limit of Rs 20000. India business news was filled with this news, it was a big indian economy news. Indian growth story depends upon infrastructure. This came as a […]
Penny stock recommendation-GVK Power & Infrastructure Ltd
September 20, 2011 By 1 Comment
Penny stock recommendation-GVK Power & Infrastructure Ltd-In this current scenario in stock markets, where stocks are rising and falling consistently, getting a good stock actually becomes a big deal. Nifty and SENSEX both closed in green, but tend in Indian stock have largely remain volatile. Stock market of India had already gone through lot of […]