Reports indicate that the Finance Ministry allowed sovereign wealth funds to invest in debt instruments floated by state-run companies. It may be noted that the government allowed 13 state-run firms to raise around Rs 48,000 crore by selling tax-free bonds in 2013-14
Tag: Rural Electrification Corp
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REC to raise Rs 30,000 crore
Through tax-free bonds and foreign convertible bonds, the Rural Electrification Corp (REC) will raise Rs 30,000 crore in the current financial year.