IIBs and the common person - S.S.Tarapore
Nothing devastates the common person more than inflation. With consumer price inflation reaching double digits, the household sector is moving from financial savings to savings in physical assets, including gold. Rationale for Inflation Indexed Bonds In the union budget for 2013- 14, it was indicated that savings instruments would be introduced to protect savings from the adverse effects of inflation, especially for the poor and middle classes. In accord with this laudatory objective, one would have expected that the Inflation Indexed Bonds ( IIBs) would be available as a separate instrument for individuals.........
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