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 2012-13 and is aimed at attracting first-time 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 2012-13. A scheme christened as Rajiv Gandhi Equity Saving Scheme is expected to deepen bourses investors base...