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IRFC may raise Rs 6,300 crore via rupee-denominate bonds abroad

News Indian Railways Finance Corp may become the first domestic entity to sell offshore rupee-denominated bonds after RBI allowed this in its April 7 monetary policy. The finance wing of the Indian Railways could raise as much as Rs 6,300 crore through such an offer as it seeks to generate ...

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Railway launches mobile app for paperless unreserved tickets

News Moving ahead in line with digital India, railways today launched mobile application for paperless unreserved tickets. Railway Minister Suresh Prabhu introduced from here the mobile app for paperless unreserved ticketing for commuters in Egmore and Tambram suburban sections in Chennai under Southern Railway zone. It was a budget proposal ...

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Pro road safety projects eligible for income tax exemption

News The Finance Ministry has said that projects which promote road safety and aim at curbing accidents are eligible for deduction under the Income Tax Act. The project will, however, need to be notified as an eligible project, for which an application has to be made to Secretary, National Committee ...

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