Union Budget 2012-13: Pranab Mukherjee proposes change in IPO guidelines

NEW DELHI: The finance minister Pranab Mukherjee in his Budget speech announced a change in Initial Public offering ( IPO) guidelines to increase participation in small towns.
Pranab also announced qualified Forifn Institutional Investors (FII) into corporate bonds. A new scheme to boost savings and the launch of Rajiv Gandhi Equity Scheme was also announced.
He expects tax free bonds to raise Rs 60,000 crore in the next financial year as compared to the sanction for Rs 30,000 crore this fiscal.
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