Indian Railway Finance Corporation (IRFC), the financing arm of the Railway Ministry, is planning to raise Rs.10,000 crore through tax-free bonds. “The secured, redeemable, non-convertible bonds have a face value of Rs.1,000 each in the nature of debentures and have tax benefits...aggregating up to Rs.10,00,000 lakh (shelf limit) in the fiscal 2014,” IRFC said in its draft shelf prospectus. — PTI