Rajiv Gandhi Equity Scheme
Mutual Funds give cold shoulder to Rajiv Gandhi Equity scheme Mutual Fund houses have begun lining up schemes focused on government`s newly proposed Rajiv Gandhi Equity Savings scheme (RGESS), which aims to attract first-time small investors into the capital market by offering tax benefits.
11.55 AM Jan 22nd
A little over a month back, in December 2012 the Securities Exchange and Board of India (SEBI) pronounced norms (vide ac circular) for investing in the Rajiv Gandhi Equity Scheme (RGESS). It clarified which securities would be eligible for availing tax benefit under the aforesaid scheme.
4.36 PM Jan 18th
Highlights of Rajiv Gandhi Equity Scheme. 1. Scheme is open to NEW retail investors identified based on PAN Nos. 2. Only those investors with income less than Rs. 10 lakhs are eligible. 3. Maximum investment Rs. 50,000. Deductible from taxable income Rs. 25,000. Tax saved Rs. 5000 because
12.50 PM Oct 19th 2012
the decisions on the reforms and no rollback. Market sensed more such measures in future and cheered up as soon as SP reassured its support. Notification of Rajiv Gandhi Equity scheme could not have come at a better time. Market greeted the reforms with its 5 star performance. 500 points intra-day salute
1.36 PM Sep 29th 2012
Source:DNA India - Continuing the slew of reforms initiated by the UPA government, Finance Minister P Chidambaram today cut the withholding tax on overseas borrowings to 5% from 20% and approved the Rajiv Gandhi Equity Scheme to attract more investment and supress demand for gold. The Rajiv Gandhi
2.10 PM Sep 22nd 2012
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