Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: cpt :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: VAT Audit :: articles on VAT and GST in India :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: due date for vat payment :: list of goods taxed at 4%
Indirect Tax »
 Things You Should Know Before Filing Your Income Tax Returns (ITR)
 All education loans do not get income tax benefits
 FM Arun Jaitley to focus on direct and indirect taxes
 Income Tax For Individuals – Assessment Year 2019–20
 States set separate dates to implement e-way bill
 What are direct and indirect taxes?
 Indirect transfer conundrum continues
 We expect significant changes in income tax slabs, say taxpayers
 Indirect taxes collection could fall short of target due to GST
 Indirect Tax Collection Under Gst Goes Down By 30 Percent
 What is a belated income tax return and what are its consequences

Public sector companies struggle to raise capital through tax-free bonds
March, 01st 2014

Three-state owned companies have raised only a fraction of their target amount through last tranche of tax-free bonds on the first day of subscription as the market is already crowded with many issuances leading to over-supply ahead of financial year-end.

The Indian Railway Finance Corporation or IRFC has raised only Rs 239 crore or 8.16% of their total issue size at Rs 2,916 crore including a core size at Rs 1,500 crore, according to data available on BSE website.

The Rural Electrification Corporation or REC has mopped up about Rs 154 crore or 14.50% as against Rs 1,060 crore (including a core issue at Rs 250 crore). Both REC and IRFC are AAA-rated.

The issue size is relatively smaller at Rs 286 core for the Housing and Urban Development Corporation or HUDCO with no option for oversubscription. The AA+ rated company has collected about Rs 63 crore or 22% of the total size on the first day.

The interest rates offered are in the range of 8.19-8.98% in three maturity buckets: 10-15-20 year for both retail and institutional customers. IRFC did not offer 20-year maturity while HUDCO being a lower rated paper is offering the highest rate at 8.98% for 15-year.

Earlier, ET reported that four state-owned companies were going to raise around Rs 5,250 crore cumulatively through tax-free bonds. National Housing Bank will be the fourth issuer whose public issue is expected to open next week for Rs 1,000 crore.

Almost two weeks ago, Indian Renewable Energy Development Agency (Ireda), Ennore Ports and India Infrastructure Finance Company (IIFCL) already opened for subscription, and are likely to mop up about Rs 4,300 crore collectively.

Ireda and IIFCL, have so far raised Rs 723 crore as against a total size of Rs1,000 crore and Rs 829 crore compared with a targeted Rs2,823 crore. "The interest rate is at its peak in the 15-year bucket so far. One can have the safety of investment in these instruments," said an investment banker, who did not wish to be identified.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions