CBDT) under the Ministry of Finance has notified bonds issued by IREDA as ‘long-term specified asset’ under section 54EC of the Income-tax Act, 1961. Bonds redeemable after five years and issued by IREDA on or after 9 July, 2025, will qualify for tax exemption benefits. The proceeds from these bonds will be utilised exclusively for renewable energy projects capable of servicing debt through their project revenues, without dependence on State Governments for debt servicing.