Equity Savings Scheme

  • Attractive schemes on the anvil to discourage gold buying February 28, 2013

    New Delhi: Aiming to check demand for gold, Finance Minister P Chidambaram on Thursday proposed inflation-indexed bonds and modified Rajiv Gandhi Equity Savings Schemes with a view to make financial instruments more attractive. "The household sector must be incentivised to save in financial instruments rather than buy gold. Increasing savings...
  • Chidambaram to launch equity savings scheme today February 9, 2013

    Mumbai: Union Finance Minister P Chidambaram will launch the Rajiv Gandhi Equity Savings Scheme (RGESS) in Mumbai on Saturday, an official statement said. The scheme was announced in the Budget 201213 and is aimed at attracting firsttime investors in stock markets. Under the scheme, an individual with an income of less...
  • FM introduces Rajiv Gandhi Equity Saving Scheme March 16, 2012

    New Delhi: In a bid to boost retail investors' participation in the capital markets, the government has introduced a tax exemption scheme for equity markets targeted at new investors in the Union Budget 201213. A scheme christened as Rajiv Gandhi Equity Saving Scheme is expected to deepen bourses investors base...