The Government of India has announced a new investment scheme and first of its kind in India, Rajiv Gandhi Equity Savings Scheme (RGESS). The Union Finance Minister, Pranab Mukherjee has announced the scheme in his Budget Speech 2012-13. The scheme is aimed at attracting retail investors into the stock market with sufficient safeguards. The safeguards … Read more
The Wage boards formed for Working Journalists, Non-Journalists and other newspaper employees have submitted their recommendations to the Central Government. G.R. Majithia has been acted as Chairman of the Wage Boards. The recommendations have sparked a row with managements of newspapers. The Boards for Journalists and non journalists were formed 3 years back for fixing … Read more
Govt. of India has allowed certain Infrastructure companies to issue Long Term Tax Saving Infrastructure Bonds. These companies include IDFC, IFCI, REC, IIFCL, L and T, ICICI etc. Investors of these Infra Bonds can claim tax exemption under section 80 CCF of the Income Tax Act, 1961 for an amount up to Rs. 20000. This … Read more