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of <h1>Central Government Approves Bhavishya Nirman Zero Coupon Bonds Issued by NABARD, Maturing in 10 Years</h1> The Central Government, under the powers of the Income-tax Act, 1961, specifies the Bhavishya Nirman Bond as a zero coupon bond issued by the National Bank of Agriculture and Rural Development (NABARD). This bond has a ten-year maturity, with issuance scheduled on or before March 31, 2011. Each bond will mature at twenty thousand rupees, with the discount determined by NABARD at issuance. A total of 9,520,000 bonds will be issued. The notification is contingent upon meeting specific conditions outlined in the Income-tax Rules, 1962.
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