Reliance Money - for Budget Line

Hi,

This is with respect to your section Budget Line.  

Please find below Mr. Sudip Bandyopadhyay's (Managing Director, Reliance Money) budget expectations and photograph as required.  Also below is a brief about Reliance Money for your reference.

Regards,

Tamanna Khanna
Corporate Communications
Reliance Money
Tel: +91-22-3046 2300 I Mobile: +91-93236 09510

Budget Expectations
The new UPA government has raised hopes of all the market participants significantly in the run-up of this year's  budget and we are expecting the following -

1. Removal of STT on Security transactions
2. Opening up/ further relaxation in FD norms in sectors like Insurance, Organised Retail, Banking, etc
3. Announcement of specific steps for disinvestment in large PSUs
4. Introduction of separate category of investments for individuals in Infrastructure bonds issued by PSUs with full tax exemption (this would facilitate channelising huge retail savings into infrastructure)

Photograph


About Reliance Money
www.reliancemoney.com  
Reliance Money, a part of the Reliance Anil Dhirubhai Ambani Group is a comprehensive financial services and solution provider, providing customers with access to Equity, Equity and Commodity Derivatives, Portfolio Management Services, Wealth Management Services, Mutual Funds, IPOs, Life and General Insurance and Gold Coins.  Customers can also avail Loans, Credit Card, Money Transfer and Money Changing services.  The largest broking house in India with 3.5 million customers and a wide network of over 10,000 outlets and 20,000 touch points in 5,165 cities/ towns.  Reliance Money endeavors to change the way investors transact in financial markets and avails financial services.  The average daily volume on the stock exchanges is Rs. 3,000 crores, representing approximately 5% of the total stock exchange volume.  Reliance Capital is one of India's leading and fastest growing private sector financial services companies, and ranks among the top 3 private sector financial services and banking groups, in terms of net worth.