<div>Indian Railway Finance Corporation (IRFC) would raise Rs 6,000 crore through tax-free bonds in the current fiscal year, the Lok Sabha was informed on Monday (10 August).</div><div> </div><div>IRFC has been authorised by the Railway Ministry to issue tax-free bonds for a total amount of Rs 6,000 crore during FY16 through public issue, Minister of State for Railways Manoj Sinha said in the House.</div><div> </div><div>Railways would utilise the funds to finance acquisition of rolling stock such as engines, coaches and wagons.</div><div> </div><div>(PTI)</div>
