Rajiv Gandhi Equity Savings Scheme (RGESS) Liberalised
The Finance Bill 2013-14 proposes liberalisation of the Rajiv
Gandhi Equity Savings Scheme(RGESS) that was launched in FY 2012-13. The first
time investors will now be allowed to invest in mutual funds as well as listed
shares. This investment can be done not in one year alone, but in three
successive years. Presenting the Union Budget in the Lok Sabha today, the
Finance Minister Shri P.Chidambaram said that the income limit is also being
proposed to be raised from Rs.10 lakh to Rs.12 lakh.
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