From: Press Information Bureau Ministry of I&B <pib.kolkata@gmail.com>
Date: Fri, May 7, 2010 at 5:47 PM
Subject: Local Release.................1
Press Information Bureau
Government of India
* * * * * *
RE-OPENING OF BHAVISHYA NIRMAN BONDS OF NABARD
Kolkata: May 7, 2010
NABARD has reopened its Bhavishya Nirman Bonds, Zero Coupon Bond (ZCBs) with effect from 10 May 2010. The resources raised through this bond will be channelised for priority areas of agriculture and rural development.
The tenure of the bond is 10 years, however, the investors will have the option to sell the bonds in a lot of 05 (five) bonds in the secondary market as the bonds will be listed in Bombay Stock Exchange (BSE).
The income accrued on the bonds will be taxed accordingly. No tax will be decucted at source in terms of Section 194A(3) of Income Tax Act, 1961. The bonds are available for subscription at all offices of NABARD.
The issue is open to individual investors, including NRIs in Indian Rupee, Hindu Undivided Families through Karta of the HUF, PF, Superannuation Funds, Gratuity Funds, Companies, Trust which are authorised to invest in the bonds, PFI, Commercial banks, Co-operative Banks, RRBs, Mutual Funds and Insurance Companies.
sc/dk/kol/17:35 hrs.
--
Palash Biswas
Pl Read:
http://nandigramunited-banga.blogspot.com/
No comments:
Post a Comment