Announces inflation-indexed bonds and modified RGESS.
As direct tax rates are unchanged, the impact on individuals is fairly neutral.
The regulators have proposed changes in the norms for inclusion of mutual funds in the scheme.
Should taxpayers invest in Rajiv Gandhi Equity Saving Scheme to save tax? How much tax will they actually save? And what are the pros and cons you should check out before going for this scheme? Salil Dhawan offers his take.
FM hiked the limit for investors to invest in RGESS to Rs 12 lakh from Rs 10 lakh.
But increase in surcharge for DDT to impact debt funds.
In order to increase retail participation in the capital market, Finance Minister Pranab Mukherjee on proposed a tax exemption scheme for new investors.
The drop in the financial savings rate, for instance, has been addressed through an increase in the eligible income limit for the Rajiv Gandhi Equity Savings Scheme.
the limit for investors wanting to invest in RGESS has been raised to Rs 12 lakh from Rs 10 lakh earlier.
The scheme encourages retail investors to participate in capital markets.
The regulator has sought an increase in the investment limit for tax-saving equity mutual fund schemes to Rs 200,000 from the current Rs 150,000.
Senior equity research analyst Ramesh Bhojwani's biggest disappointments include no word on foreign direct investment, an absolute silence on reforms which is the need of the hour in several sectors like banking, realty, infrastructure and power. "Even the issue of divestment in PSUs has been given a passing reference," he adds.
Encouraging domestic financial savings through focused measures would help mobilise long term resources for funding infrastructure and economic development.
The government has also allowed individuals from the private sector to apply for the post
Mudra Bank will be a Rs 20,000-crore institution, which would "primarily be responsible for refinancing all micro-finance institutions.
It will take over large non-performing assets of banks and help in revive companies ridden with bad debts.
Did you know that you can get a tax benefit of up to Rs 50,000 under a health insurance policy?
A tax plan is not only to save taxes, it should also assist you in achieving your other financial goals such as buying a home, a car, children's education, retirement to name a few. Here are some top ways in which you could plan for your tax savings
A key demand is to reduce the dividend distribution tax on listed firms.
To participate in an OFS, investors will have to open a trading A/C
The Union government is keen to ensure financial security for unorganised sector workers
All these measures will revitalise the manufacturing sector, which has been in doldrums.
The DMK feels its genuine gestures have had no bearing on the governor's politico-administrative conduct, which is 'more political and politicised than administrative and Constitutional', observes N Sathiya Moorthy.
NITI Aayog vice chairperson Rajiv Kumar tells Indivjal Dhasmana that additional funds could be generated through divestment, and that the fiscal deficit should be widened while focusing on the revenue deficit.
Chief ministers of states like Andhra Pradesh, Kerala and Karnataka were among those who raised the issue of loan waver scheme for farmers.
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