Reforms continues, RGESS

Tax on overseas borrowings slashed,
Rajiv Gandhi Equity Savings Scheme approved

Given that the ultimate objective of the RGESS is to get more retail investors to invest in the stock market it is imperative that we look at all the avenues of achieving this goal. as it’ll help get more investment and may bring back unhappy investors as well. Obviously with higher retail participation there is an expectation that stocks will trade at their right values driven by earnings rather than by the whims and fancies of the market sentiments. Hence including the existing as well as new investors would be a great push to achieve the ultimate objective of RGESS.