Budget 2015-'16: Tax-free infra bonds worth Rs 20,000 crore to be introduced


Budget 2015-2016: 
Tax-free infrastructure bonds worth Rs 20,000 crore to be introduced


Tax-Free Infrastructure bonds are back. 

Keeping the focus on the infrastructure development, especially for railways & roads, the finance minister Mr. Arun Jailty announced that the bonds worth Rs 20,000 crores will be introduced. 

The interest on these bonds will tax-free and the maturity will be after the long term tenure of 10 to 15 years.
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