IFCI urges govt to allow raising fund through tax-free bonds

IFCI has approached the government to allow the company to raise funds through tax-free bonds to finance infrastructure projects.
"The company had asked the government to allow it to raise tax free bonds to finance mega projects," IFCI Managing Director Malay Mukherjee said at an even organised by PHD Commerce and Industry here.
The company would continue to support the developmental finances for the needs of the country as and when required and meet all legitimate aspirations of all stakeholders, he said.
During the event, Future Group CEO Kishore Biyani said he can provide financial packages to young and bright start ups to support their ventures with disruptive ideas though on case to case basis provided such ideas appeal to the management of the Group.

Jaypee Group chairman Jaiprakash Gaur said, "I can purge the Yamuna river of its filth and effluents and garbage provided given a free hand latest by 2020.