Skip to main content

NHAI to again float Rs 10,000 Crore bonds towards the end of 2012 - 2013

Tax Saving Mutual Funds Online

Current open Infra Bond Application form

If you could not get a share of ~10,000-crore bond issue of the National Highways Authority of India (NHAI) this financial year, you will have to wait for the fourth quarter of 2012-13 for a second chance, as the highways authority plans to again hit the bond market around that time.

"The finance minister's announcement allowing us to raise ~10,000 crore through tax-free bonds is beneficial for us, as this will ensure cheap and long-term borrowings. Since we do not need the money immediately this year, we plan to launch our bonds by the fourth quarter of next financial year," J N Singh, member (finance), NHAI told Business Standard.

According to the current financial plan, the highways authority will require ~24,000 crore till the end of 2012-13. Of the total requirement, ~14,000 will come from the government in the form of cess and toll income, while the rest will come from money raised through the earlier bond issue.

NHAI had come out with a bond issue in December last. The issue was oversubscribed in the HNI and QIB category on the first day itself.

Though the highway authority proposed to issue ~5,000-crore bonds, it ended up raising ~10,000 crore with a greenshoe option as it got oversubscribed to the extent of ~25000 crore despite shaky market conditions.

Around 70 per cent of the ~10,000 crore will go in acquiring land for various projects, including expressways. The remaining will go for funding projects. The authority has also allocated funds for arbitration cases, to be soon taken to a committee. Around ~10,000 crore is estimated to be stuck in various disputes with contractors. For the second consecutive year, finance minister Pranab Mukherjee allowed NHAI to raise ~10,000 crore through tax-free fbonds. The Budget also announced to double the kitty of tax-free bonds for the infrastructure sector by increasing it to ~60,000 crore for 2012-13.

This ~60,000-crore bond window includes ~10,000 crore for IRFC, ~10,000 crore for IIFCL, ~5,000 crore for HUDCO, ~5,000 crore for National Housing Bank, ~5,000 crore for SIDBI, ~5,000 crore for ports and ~10,000 crore for the power sector. The Budget also annou-nced an increase in road award target to 8,800 km for next financial year, an increase from 7,300 km this financial year. The allocation of the road transport ministry has been enhanced by 14 per cent to ~25,360 crore in 2012-13.

Apart from tax-free bonds, NHAI raises money through short-term (three years) 54EC bonds. Any capital gains from sale of long-term capital assets, such as real estate or gold, can get tax exemption by investing in the 54-EC infrastructure bonds.

Under Roads Transport Minister C P Joshi, the current financial year has been a good year for NHAI and it awarded a record 7,300 km. For the first time ever, NHAI awarded 21 projects on a premium. The premium income from these 21 projects will come to around ~3,000 crore per year, and will increase by five per cent every year till the concession period ends.

A company offering a premium means it is committing to an annual payment to the government over a period of time, instead of seeking a grant for building a road.

A substantial increase in premium income has brought down NHAI_s borrowing requirement by half. The B K Chaturvedi committee had said the highway authority will need to raise ~191,000 crore by 2030-31, but now the requirement stands reduced by ~1 lakh crore to ~83,000 crore.

NHAI had come out with a bond issue in December that was oversubscribed on the first day.  
 
---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

 

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

 

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

 

These Application Forms can be used for buying regular mutual funds also

 

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. HDFC TaxSaver
  2. ICICI Prudential Tax Plan
  3. DSP BlackRock Tax Saver Fund
  4. Birla Sun Life Tax Relief '96
  5. Reliance Tax Saver (ELSS) Fund
  6. IDFC Tax Advantage (ELSS) Fund
  7. SBI Magnum Tax Gain Scheme 1993
  8. Sundaram Tax Saver

Popular posts from this blog

Surrender ULPPs

  ICICI Pru LifeTime and ICICI Pru Lifestage are Unit Linked Pension Plans. Such insurance linked retirement plans are neither good investments nor do they offer sufficient insurance cover. As you can see, these have turned out to be bad deals. In the Lifetime plan, the fund value is not even equal to the total premiums that you have paid and in the Lifestage plan your return is just about 6% which is quite low. The mortality charges are as per your age which is why they have increased. Moreover, once these plans matures, you will have to compulsorily opt for annuity (regular income) and the annuity rates are generally modest. Assuming these plans mature in the next one year, it will be wise to surrender the plan now and curb your future commitments.   Before you choose to buy a term plan, you have to consider a few points. You need to insure yourself, only during the time you are working and your family is financially dependent on you. At the age of 59, not all insurance companies w...
Read more

ICICI Pru Constant Maturity Gilt dividend

Invest ICICI Prudential Constant Maturity Gilt Fund Online ICICI Prudential Mutual Fund   has announced dividend under the following schemes: Scheme Dividend ( R /unit) ICICI Pru Constant Maturity Gilt-DQ 0.26543239 ICICI Pru Constant Maturity Gilt Direct-DQ 0.27171609 ICICI Pru Q Interval Plan I-D 0.10617296 ICICI Pru Q Interval Plan I Direct-D 0.10703967 ICICI Pru Q Interval Plan I Ret-D 0.10617296             The record date has been fixed as June 13, 2016.   ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver Mutual Funds to invest in India for 2016 Best 10 ELSS Mutual Funds in india for 2016 1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Franklin India TaxShield 4. ICICI Prudential Long Term Equity Fund 5. IDFC Tax Advantage (ELSS) Fund 6. Birla Sun Life Tax Relief 96 7. DSP BlackRock Tax Saver Fund 8. Reliance Tax Saver (ELSS) ...
Read more

SBI MAGNUM MIDCAP ONLINE

Invest SBI MAGNUM MIDCAP ONLINE   SBI MAGNUM MIDCAP fund didn't fare well in its initial years but, in recent years, has steadily improved its performance under the capable hands of its current fund manager. Although investing predominantly in mid-cap stocks, the average market capitalisation of its portfolio is lower than other category peers.   Although the stock selection approach is mostly bottom-up , the fund manager doesn't shy away from taking bold sector bets , as is reflected in its large exposure to the healthcare sector. She is equally adept at handling performance across market cycles--the fund has captured more of the upside during market upticks and contained the downside during downturns in a better manner than its peers.   Given its superior risk-reward equation, the fund is a worthy pick in its category.     ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing EL...
Read more

Sundaram Mutual Fund new plan Sundaram Fixed Term Plan CJ

Sundaram Mutual Fund has announced the launch of a new fund named as Sundaram Fixed Term Plan CJ. The new issue will be closed for subscription on January 30. --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available are: 1. HDFC TaxSaver 2. ICICI Prudential Tax Plan 3. DSP BlackRock Tax Saver Fund 4. Birla Sun Life Tax Relief '96 5. Reliance Tax Saver (ELSS) Fund 6. IDFC Tax Advantage (ELSS) Fund 7. SBI Magnum Tax Gain Scheme 1993 8. Sundaram Tax Saver   -...
Read more

Group Health Insurance

Buy Group Health Insurance Online   For Human Resources, the biggest challenge today is to decide whether medical benefits should be offered to employees or not, what type of plans should be offered, what will be the cost and how will the cost be split between employees and employer. Well, most of these are subjective and would depend on a lot of factors including company size, average employee salary, etc. However, this article will give you a fair idea on how you should go about deciding these factors: 1. Why offer group health insurance benefit to employees : Studies have proved that retention rates among employers offering GHI are much higher than the ones who are not offering. Moreover, the cost of providing this benefit as a percentage of salary is very low as compared to the perceived value. As an example, say if average salary of an employee in your organization is 4 LPA. If you decide to offer a health insurance benefit to him for a Sum insured of ...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now