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Also translated in Hindi and published in Dainik Bhaskar
Articles: Vidyut Vikas Patra (VVP) Proposed
Government proposes introduction of tax free Vidyut Vikas Patra (VVP)
| The government has very ambitious targets for setting up power generation projects under the 11th five year plan. These power generation projects need humungous amounts of capital - some estimates put it at upwards of Rs. 10 Lakh Crores. |
To partially raise this amount, the Power Ministry has proposed introduction of Vidyut Vikas Patra (VVP), on the lines of Kisan Vikas Patra (KVP) and National Savings Certificate (NSC).
Vidyut Vikas Patra (VVP) would be tax deductible upto Rs. 50,000, and would have a lock-in of 5 years.
Other articles you might be interested in:
- National Savings Certificate (NSC)
- Kisan Vikas Patra (KVP)
- Comparison between NSC and KVP
- Bhavishya Nirman Bonds
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