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of <h1>Central Government Approves Ten Year Zero Coupon Bonds by Power Finance Corp; Issuance by March 31, 2027.</h1> The Central Government, under the authority of the Income-tax Act, 1961, has specified a zero coupon bond issued by Power Finance Corporation Ltd. This bond, termed the Ten Year Zero Coupon Bond, has a lifespan of ten years and one month. It is scheduled for issuance by March 31, 2027. Each bond will mature or be redeemed at Rs. 1,00,000, with an initial discount of Rs. 49,546. A total of one million bonds are to be issued. This notification is issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes.
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