The 2019-20 Budget may consider re-introduction of tax-free bonds to raise capital for the infrastructure projects, sources said.
Introduction of tax-free bonds to boost investment is a usual way for raising funds by infra companies or PSUs, sources said. If that happens, the National Highway Authority of India (NHAI) could be an immediate beneficiary.
If one sector which is likely to get maximum Budget focus after social sectors in the upcoming Budget, it is infrastructure, said the sources. In infra, it is the highways where the Government had increased allocation by 6% and had set aside ₹83,000 crore for 2019-20 interim Budget. Read more