RS.2,14,000 Crore Allocated for Infrastructure Sector - Rs.30,000 Crore Tax Free Bonds to be Issued - Iifcl to Achieve Disbursement Target of Rs. 25,000 Crore by 2012

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..... RS.2,14,000 Crore Allocated for Infrastructure Sector - Rs.30,000 Crore Tax Free Bonds to be Issued - Iifcl to Achieve Disbursement Target of Rs. 25,000 Crore by 2012 - News and Press Release Dated:- .....

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..... 28-2-2011 - News - Announcing the General Budget 2011-12 here today, Shri Pranab Mukherjee, Finance Minister, proposed an allocation of Rs.2,14,000 crore for infrastructure sector, which is 23.3% h .....

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..... igher than current year. This amounts to 48.5% of the Gross Budgetary support to plan expenditure. The Finance Minister, stated that in order to give a boost to infrastructure development in railway .....

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..... s, ports, housing and highways development, it has been proposed to allow tax-free bonds of Rs.30,000 crore to be issued by various government undertakings in the year 2011-12. This includes Indian Ra .....

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..... ilway Finance Corporation Rs.10,000 crore; National Highway Authority of India Rs.10,000 crore; HUDCO Rs.5000 crore and Ports Rs.5000 crore. Shri Mukherjee informed that India Infrastructure Finance .....

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..... Company Limited (IIFCL) is expected to achieve a cumulative disbursement of Rs.25,000 crore by March 31, 2012. Under the take out financing scheme , seven projects have been sanctioned with a debt o .....

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..... f Rs.1500 crore. Another Rs.5000 crore will be sanctioned during 2011-12, he informed. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia .....

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..... .com - TMI - TaxTMI - TMITax .....

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