Aids Walk Run Athens

<!– @page { margin: 2cm } P { margin-bottom: 0.21cm } –> <!– @page { margin: 2cm } P { margin-bottom: 0.21cm } –> <!– @page { margin: 2cm } P { margin-bottom: 0.21cm } –>Infrastructure Development Finance Company (IDFC) will once again hit the tax-saving infrastructure bond market offering 8.25% compared with 8.30% offered by Power Finance Corporation for 10 years. The IDFC offer, which opens on February 28 for subscription, has a call option after five years. It offers the option to receive interests annually, or the option of receiving it on a cumulative basis at the maturity of the bond. IDFC’s new offer is 25 basis points higher than its previous bond issue. In the last two tranches, the infrastructure company raised Rs 1,228 crore on the back of 3.6-lakh applications from investors wishing to save tax. T fiat currency he company is aiming to raise Rs 2,172 crore through its third tranche. The issue closes for subscription on March 16. IDFC is entering the tax-saving bond market at a time when the demand for such bonds is the highest as many individuals invest money in March to save taxes. It would be competing with several other tax-saving bonds issued by its competitors such as IIFCL, L&T Infrastructure and PFC.In the 2010 budget, the government added a new provision under Section 80CCF of the I-T Act for tax-saving investments, allowing a deduction of Rs 20,000 for investments made in notified long-term infrastructure bonds, besides the Rs 1-lakh deduction available under Section 80C. These bonds can be issued by a finance company, classified as an infrastructure finance company by RBI. IDFC was given IFC status by the central bank in 2010.