Monday, June 30, 2014

Middle-class angst and the budget

...........Realistically, apart from some marginal tinkering with exemptions limits, Sec. 80 C exemptions and so on, the NDA government will be doing a service if it can revive interest in some of the existing schemes by making them investor-friendly. For instance, it can, in conjunction with the Reserve Bank of India (RBI), make the CPI-linked inflation bonds a worthwhile proposition for investors. That means the bonds should offer at least a quarterly interest (it is now payable after 10 years). It should be better ..........

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