That means RGESS already valued at high level of prices.

The whole RGESS idea is super stupid. I have never heard anybody find a single good thing in it. Rather than going gung-ho on something as stupid as RGESS, FM think of something useful. Till now he has indulged in fluff talk and none of what he says seems plausible. I think he knows that too. No wonder he is harping the deadbeat RGESS.

Good details and keep it up

Thanks

This is fabulous scheme ...... For an investment of 50,000 in blue chip companies , there would be deduction of 25000 from GROSS TOTAL INCOME.... This deduction would be available apart from existing deduction under 80 C , 80 D ETC. For the safety of investors , the Government has allowed only investment in 100 shares which are Blue chip .. These scrips are fundamentally strong and has a less risk downside......... The most important advantage of this scheme is that Retail participation would increase over a period of time and in long term such participation would boost sensex

Aiming to attract first-time stock market investors, Finance Minister P Chidambaram will launch the much-awaited Rajiv Gandhi Equity Savings Scheme (RGESS) in Mumbai on February 9.