Finance Ministry introduces Zero Coupon Bonds for Power Finance Corporation, offering fixed returns and long-term investment ...

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If you’re looking for an investment that offers predictable long-term returns, you may have come across zero-coupon bonds. But what is a zero coupon bond, and how does it work? Unlike ...

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India's Power Finance Corp (PFC) has received government approval to raise up to 100 billion rupees ($1.15 billion) through a rarely used corporate bond structure.

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The Ministry of Finance has specified the “Ten Year Zero Coupon Bond of Power Finance Corporation Ltd.” as a zero coupon bond under clause (48) of section 2 of the Income-tax Act, 1961. The bond has a ...