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NHAI to issue tax free infrastructure bonds

NHAI to issue tax free infrastructure bonds

Government has allowed National Highways Authority of India (NHAI) to issue Tax Free Infrastructure Bonds aggregating to Rs 24,000 crore and Capital Gain Tax Exemption Bonds aggregating to Rs 4,000 crore in the financial year 2015-16.

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Rs 1.5k cr road projects on deck

Rs 1.5k cr road projects on deck

India is home to several bad roads be it the metropolitans, the cities or the villages. Bad road conditions are nothing new to India and the problem is being addressed since the last 30 years. However, of lately, many road projects have been sanctioned by the government and are up for bidding.