Government Guarantee for IRFC Bonds

The Ministry of Finance has approved a proposal to provide government guarantee of Rs5,000 crore in the current financial year for Indian Railway Finance Corporation (IRFC) bonds to be subscribed by Life Insurance Corporation (LIC).

The guarantee fee for the amount has also been waived by the Ministry. The decision will ease the flow of borrowed funds for Ministry of Railways to undertake projects.
Source- The Hindu

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