On Thursday, the Parliament was informed that the National Highways Authority of India (NHAI) has raised Rs 10,000 crore from retirement fund body EPFO’s bonds so far this financial year, whereas LIC has agreed to subscribe to its taxable bonds worth up to Rs 8,500 crore till March-end.

According to the data presented by P Radhakrishnan, Minister of State for Road Transport and Highways in Lok Sabha, NHAI in the current financial year has raised Rs 10,000 crore through taxable bonds of Employees Provident Fund Organisation (EPFO).

“Life Insurance Corporation (LIC) has agreed in principle to subscribe to NHAI taxable bonds to the tune of Rs 25,000 crore subject to not more than Rs 8,500 crore in one financial year. The term and conditions are under negotiations.”

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