Government may raise up to Rs 10,000 crore via tax-free bonds

The finance ministry has begun negotiations with bankers on a likely tax-free bond issue. The money may be raised in multiple instalments. The government plans to raise temporary funds from the central bank through ways and means advances (WMA), a short-term borrowing window. The structure of the issue and number of instalments are yet to be decided.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2yht7dd