When the Government of India divested its stake in key state-owned firms in May 2014 through Central Public Sector Enterprises (CPSE) Exchange-traded Fund (ETF) and later again through Bharat 22 (B22) ETF in November 2017 (apart from the two follow-on offers of CPSE ETF in early 2017), they provided a good opportunity to investors to own stakes in large government-controlled monopolies, plus three large private sector companies. But it wasn’t that easy. Since these are ETFs and listed on the stock exchanges, you needed a demat account to buy them. Budget 2018 has proposed to remedy this.
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
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