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By Nilanjan Dey is director of Wishlist Capital Advisors Sandeep Patel is CEO of Cigna TTK Dhirendra Kumar is CEO of Value Research Ashish Gupta is partner-KPMG in India, while Akhil Chandna is senior manager, KPMG in India
  • Published 11.07.14
In a budget that presents an array of pacifiers to savers, the finance minister has created room for higher household savings. His pronouncements on small savings will generate opportunities for efficient use of capital. The FM has also sought to revitalise two instruments espoused by a rather large community of ordinary citizens, particularly those who relied on small savings schemes managed by the post office. While Kisan Vikas Patra (KVP) will stage a comeback of sorts, there will also be a National Savings Certificate (NSC) with an insurance cover. For PPF adherents, the annual ceiling stands increased to Rs 1.5 lakh. At another level, the budget encourages greater involvement in yet another asset class — real estate, which is constrained by pretty high financing costs.