Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: form 3cd :: TDS :: VAT RATES :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: VAT Audit :: empanelment
 
 
Direct Tax »
 CBDT to waive interest if tax paid in retrospective cases
 New move to settle retrospective tax cases, CBDT offers interest liability waiver to firms
 I-T department guidelines for interest waiver in specific cases offer tax relief
 ICDS provisions to prevail over judicial precedents: CBDT
 CBDT forms committee to check absconding I-T dept officers
 Central Board of Direct Taxes asks taxman to make all out efforts to recover arrears
 CBDT to honour honest taxpayers
 Startups in the docks over marked down valuation tax as March 31 nears
 CBDT asks taxman to make all out efforts to recover arrears
 CBDT chief prods taxmen to buck up, meet recovery target
 CBDT to hold review meeting on PMGKY, tax collection on Mar 17

Shipping ministry to raise Rs 2,100 crore via tax-free bonds
July, 22nd 2011

The ministry of shipping plans to raise over 2,100 crore through tax-free bonds by September. The country's only corporate port, Ennore Port will raise 1,100 crore whereas JNPT has been given the nod to raise about 1,000 crore.

"A letter has been sent to the finance ministry and we expect the notification to come from Central Board of Direct Taxes shortly," a senior official from the Shipping ministry said. The coupon rate will be decided after receiving approval from the finance ministry.

The official added that the two ports have been given a go ahead first as they have a credit rating in place. A better credit rating facilitates in raising funds from the market at a lower borrowing cost. The Union Budget for 2011-12 allowed issue of 30,000 crore tax-free bonds for the infrastructure developments, of which 5,000 crore has been earmarked for the port sector.

The Indian ports would be raising tax-free bonds for the first time.

"Tax-free bonds are a good way of financing infrastructure projects. The pricing of a bond issue will depend on the credit rating of the ports. A good credit rating means mean lesser risk and hence making it attractive for investors," said Amy Mistry , manager (transportation advisory) at Feedback Infra.

The balance 3,000 crore will be raised by the end of the calendar year through Indian Ports Global , a state-owned company which will be set up on the lines of Dubai's DP World and Singapore's PSA International Pte to invest in overseas ports and terminals. The money raised will be used to finance the dredging operations and infrastructure requirements of various major ports.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

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