Union Budget 2012-13: Proposes change in IPO guidelines

 The finance minister Mr. Pranab Mukherjee in his Budget speech announced a change in IPO (Initial Public offering) guidelines to increase participation in small towns.

Pranab also announced qualified FII (Forgein Institutional Investors) into corporate bonds.

A new scheme to boost savings and the launch of Rajiv Gandhi Equity Scheme was also announced.

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