“Rajiv Gandhi Equity Saving
Scheme“(RGESS),exclusively for the first time retail investors in
Securities Market. This Scheme would give tax benefits to new investors
who invest up to Rs. 50,000 and whose annual income is below Rs. 10
lakh.
The Scheme not only encourages the flow of savings and improves the depth of domestic capital markets, but also aims to promote an ‘equity culture’ in India. This is also expected to widen the retail investor base in the Indian securities markets.
The Scheme not only encourages the flow of savings and improves the depth of domestic capital markets, but also aims to promote an ‘equity culture’ in India. This is also expected to widen the retail investor base in the Indian securities markets.
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