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of <h1>Zero Coupon Bonds by Indian Railway Finance Corporation Set for Strategic Financial Deployment Under Section 2(48)</h1> A government notification specifies a zero coupon bond issued by Indian Railway Finance Corporation Ltd. The bond has a ten-year term, to be issued by March 2027, with a total maturity value of Rs. 10,000 crores, a discount of Rs. 4,916.51 crores, and ten lakh bonds to be issued, as defined under section 2(48) of the Income-tax Act, 1961.
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