YES Bank News
India's tax-spared bonds face roadblocks
By Archana Narayanan
MUMBAI (Reuters) - India's plan to double the issue of tax-spared bonds in the financial year beginning April to build highways and railroads is unlikely to find many takers because of a supply overhang and poor returns.
The government has set a target for such issues at 600 billion rupees by infrastructure finance companies in 2012/13, which would be used to bridge the shortfall
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