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REC Limited, formerly Rural Electrification Corporation Limited, is an Indian public sector company which finances and promotes power projects across India. It provides loans to Central/State Sector Power Utilities in the country, State Electricity Boards , Rural Electric Cooperatives, NGOs and Private Power Developers. [ 4 ]
In 2017, PFC was granted approval by the Ministry of Finance, Govt. of India, to raise funds under section 54EC of the Income Tax Act 1961. PFC was the first company to obtain such approval post the budget announcement in February 2017. PFC has raised more 14.7 million dollars under these bonds since their launch in 2017.
Issued By: Agence France Trésor, the French Debt Agency OATs. BTFs - bills of up to 1 year maturities; BTANs - 1 to 6 year notes; Obligations assimilables du Trésor (OATs) - 7 to 50 year bonds
CFC manages and funds the Rural Telephone Finance Cooperative (RTFC), [5] an organization that provides financing to the rural telecommunications industry. CFC also manages and funds the National Cooperative Services Corporation (NCSC), [6] an organization that provides electric cooperatives with specialized financing services that supplement the financial services of CFC.
A general obligation bond is a common type of municipal bond in the United States that is secured by a state or local government's pledge to use legally-available resources, including tax revenues, to repay bondholders. [1]
Series I bonds are often a popular investment when inflation rises. The bond gives savers the safety of a U.S. government-backed security mixed with inflation protection, resulting in a composite ...
Franklin Delano Roosevelt (center) signs the Rural Electrification Act with Representative John Rankin (left) and Senator George William Norris (right). The Rural Electrification Act of 1936 (REA), enacted on May 20, 1936, provided federal loans for the installation of electrical distribution systems to serve isolated rural areas of the United States.
If voters back the $100 million bond, the town will move forward on the 56-acre Cass Holt Road Park, among other projects. The bond comes after a community survey asked residents for their priorities.