Finance ministry is likely to notify the RGESS (Rajiv Gandhi Equity Savings Scheme), which is aimed at attracting retail investors to equity, within week. The revenue department is likely to notify RGESS by Friday this week, a senior finance ministry official said.
Finance minister Mr. P Chidambaram had already approved the scheme on September 21, 2012. .He had indicated that the revenue department would notify the scheme shortly & the SEBI (Securities and Exchange Board of India) would issue relevant circulars.
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