Infrastructure developed by government will only mean the funds finding their way into pockets of politicians, bureaucrats, engineers etc.... I think Infrastructure funds set up by the mutual funds is a better idea
RE:Re use of provident fund
by on Feb 08, 2007 01:20 PM Permalink
I totally agree with you Vijaya, Unless & Until they do not guarantee that 100 % flow will be made in to the infrastructure only Its better to invest in the share market.
RE:RE:Re use of provident fund
by Prashant Patil on Feb 08, 2007 01:31 PM Permalink
In addition to this the 1.5 Lakh deduction currently available to home loan should also be available to investments into infrastructure MF(Roads,ports,power). The person who invests in real estate to get this tax benefit will think of investing in this MF as well. Which may cool off Real estate market and money needed for Infra. development will be available without FDI.
