Investment limit on infrastructure bonds may rise to Rs 50,000

Investment limit on infrastructure bonds may rise to Rs 50,000



NEW DELHI: The government is considering more than doubling the investment limit in infrastructure bonds eligible for tax rebates as part of a strategy to provide a funding boost to a vital sector while having a beneficial effect across the economy.

Officials told ET the finance ministry's department of economic affairs, as part of its suggestions for the 2012-13 budget, had proposed raising the investment limit in these bonds to Rs 50,000 from Rs 20,000 now. The revenue department is expected to take a final decision after weighing expected economic gains against short-term revenue losses.


Source :- Economic Times



- Manan Mankad

 Read Personal Financial Article on : www.mananmankad.blogspot.com
follow us on twitter : www.twitter.com/mananmankad
Like us on Face Book : http://www.facebook.com/financialplanningawareness

Comments

Post a Comment

Popular posts from this blog

Investing in India: Unlocking Tremendous Growth Opportunities for the Next Decade

"Investing in India: Unlocking Tremendous Growth Opportunities for the Next Decade"   In the ever-evolving landscape of global investments, India emerges as a beacon of opportunity, promising tremendous growth for astute investors in the coming decade. As the nation harnesses its demographic dividend, implements strategic reforms, and positions itself at the forefront of technological advancements, the investment landscape in India becomes increasingly attractive. In this narrative, we explore the compelling reasons why investing in India could yield substantial returns and play a pivotal role in a diversified global portfolio.   1. Demographic Dividend:   One of India's most significant strengths lies in its demographic dividend – a youthful population that is not only expanding the labour force but also creating a robust consumer market. With a median age significantly lower than that of many developed economies, India is poised to capitalize on this demographic advanta
Read more

India Growth Story after COVID 19

 The COVID-19 pandemic brought unprecedented challenges to nations around the globe, including India. However, the resilience and adaptability displayed by the country position it for a robust growth story in the aftermath of the pandemic. Several factors contribute to India's positive trajectory, ranging from economic reforms to advancements in technology and a renewed focus on healthcare. One of the immediate impacts of the pandemic on India was a contraction in economic activity. Lockdowns and disruptions in supply chains led to a temporary slowdown. However, the Indian government responded with a series of measures to mitigate the economic fallout. The Atmanirbhar Bharat (Self-Reliant India) package, announced to support various sectors, aimed at boosting domestic production and consumption. The pandemic accelerated the pace of digital transformation in India. With restrictions on physical movement, there was a surge in digital adoption across sectors such as education, healthc
Read more

I Can Make Huge Money In Stocks If I Invest Directly: - Somebody told me last week

I Can Make Huge Money In Stocks If I Invest Directly: - Somebody told me last week If everyone makes money in equity, then why there are only 3% of investors in the stock market? and rests are into FD's, Gold, Real Estate, and all?  You may be right, Say for example, if you have started investing in equities in 2007-2008, what you may have bought? Reliance Infra, DLF, Suzlon, Orchid, Rcom, and so on..... (They all were the talk of the town).this is better known to the investors who already burnt their fingers.  I must throw some light here – they all are below their investment price- some are even less than half the price. It’s always said, Retail investors never make money as big as Seasoned Investor makes(the one who does research or invest for long term through mf), retail investors come into market when other runs out, they would love to buy stocks when its already in bubble phase and sell it when actually, its time to buy stock, or in investment language
Read more