Rajiv Gandhi Equity Savings Scheme: Behind the tax sops lie le...

Expressing concerns over the lukewarm response to Rajiv Gandhi Equity Savings Scheme (RGESS), a Parliamentary panel on Monday asked the Finance Ministry to review the scheme and formulate alternative proposals to encourage savings.

Three new fund offers (NFOs) of Rajiv Gandhi Equity Savings Scheme (RGESS) may bite the dust as they are falling short of the minimum targeted amount given under their offer document.

AHMEDABAD: The (RGESS) is picking up at a slow pace as negative returns from the equity market in the past five years have not enthused new investors, say mutual fund managers and brokers. RGESS, the flagship scheme of the central government, was ...

Finance Minister, Chidambaram, in the Union Budget 2013-14 said “Rajiv Gandhi Equity Savings Scheme (RGESS) will be liberalized. Income limit for RGESS increased to Rs 12 lakh from Rs 10 lakh.”  Further he added “RGESS is extended to mutual funds.” RGESS was introduced in the previous Union Budget to pull new investors towards equity markets. First time investors in RGESS will have a tax relief for their investments for 3 years. It will certainly attract more ...

Market regulator Securities and Exchange Board of India (Sebi) i is looking at how interest of Rajiv Gandhi Equity Savings Scheme (RGESS) investors can be safeguarded with regard to I-T relief even if fund houses return their money for failing to ...

The Sebi board met today in Delhi to take steps to broaden the debt markets and give a boost to the Rajiv Gandhi Equity Savings Scheme (GRESS), reports Nayantara Rai of CNBC-TV18.

In order to wean away household investments from gold purchase and encourage participation in stock markets, finance minister P Chidambaram has proposed to liberalise the Rajiv Gandhi Equity Savings Scheme. HT reports.

Retail investors were drawn to equity mutual fund schemes in March, the first time in 10 months, owing to demand for the industrys tax-saving product equity linked savings scheme (ELSS). In March, equity mutual funds, including ELSS, recorded net ...

Tax-saving measures exist in many forms, from availing certain types of loans, buying certain types of insurance policies, making specified investments to making donations to approved charities. Among these, one tends to favour the investment route ...