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Indian Railway Finance Corporation (IRFC) would raise Rs 6,000 crore through tax-free bonds in the current fiscal year, the Lok Sabha was informed on Monday.
IRFC has been authorised by the Railway Ministry to issue tax-free bonds for a total amount of Rs 6,000 crore during FY16 through public issue, Minister of State for Railways Manoj Sinha said in the House.
Railways would utilize the funds to finance acquisition of rolling stock such as engines, coaches and wagons. (NDTV)
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