WION Web Team Delhi, India
Jan 13, 2018, 12.56 PM
Union Railways Minister, Piyush Goyal, told reporters that Indian Railway Finance Corporation (IRFC) is planning to explore new "lines of businesses" and will ensure better applicability of its Minimum Alternate Tax.
Have aggressive plans to monetize some assets of Indian Railways, planning to change some existing guidelines on monetizing land&station assets.We are also contemplating to increase lease period from 45 yrs to 99 yrs&allowing participants to have multiple leases: Railway Minister pic.twitter.com/R27rPm3Hu4
Minimum Alternate Tax will enable better valuation of IRFC, the minister noted in Mumbai today.
Indian Railway Finance Corporation (IRFC) in the days to come is going to expand its footprint into the newer lines of business & will be able to use its Minimum Alternate Tax better because of which valuation of IRFC can be much better: Piyush Goyal, Railway Minister in Mumbai pic.twitter.com/SZglntLBbA