One of the ways of saving tax on long-term capital gains is by investing in the bonds issued by NHAI or REC. This deduction is under Section 54EC of the Income Tax Act. The maximum limit for such investment in any financial year is Rs 50 lakh. Since the main function of these bonds is tax saving, the interest rate on offer is a modest 6% per annum. 

With rise in disposable income and increasingly brand conscious consumers who define shopping as an ‘experience’, there is a visible tectonic shift in the retail format from the mom&pop kirana stores to modern technology-driven spaces. This modern retail format is seeing 22% CAGR, and led by e-tailing, will increase its share from the current 19% to 25%, catapulting into a Rs 7,650 crore industry by 2019.

A monthly series in The Finapolis where we talk to a diverse set of families to understand their attitude towards financial planning. Our in-house financial advisor offers his suggestions for a more robust portfolio. 

The year 2014 has been widely viewed as a landmark year for India. This is so, even as economies across the globe have been grappling with political as well as economic turmoil and uncertainty. There is much hope riding on our new central government with a majority in the parliament and a promise of a focused growth agenda. It could not have come at a more opportune moment. The future of India holds tremendous potential.