NHAI bonds, a better bet for parking money than banks: Gadkari


NHAI bonds, a better bet for parking money than banks: Gadkari

Union Transport Minister Nitin Gadkari on Wednesday made a case for channelising more retail money into infrastructure sector, stating that the NHAI was even willing to offer higher returns that those provided by banks.

“Invest with us and we will give you a far better yield than bank savings. We are looking at an 8 per cent kind of yield, but won’t mind making it even higher,” Gadkari said at the National Stock Exchange’s silver jubilee celebrations event in the Capital.

Already the Transport Ministry is “running on people’s money” than what it gets through Government budget, he said.

“We will build roads using your funds and give you monthly returns,” Gadkari said. He urged the NSE to take steps to “deepen and broaden” the equity and bond markets while lauding the bourse for its performance in the financial world. Read More

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