For investors in gold, things haven't been good for the past few years. Many like Vinod Doshi, a dentist by profession and regular investor in gold for the past three years, are worried on whether to continue in the yellow metal or not.
It now appears that this Ministry of Finance is determined to nudge, goad and push the provident fund and other retirement corpus such as superannuation funds and gratuity funds into investing in venture capital and private equity funds.
Government securities seem in a sweet spot right now. With inflationary pressures easing and rate cuts by the Reserve Bank of India (RBI) looking more certain by the end of this financial year or early next year, yields on these will fall.
Amit and Swati Shah work in the software industry and earn a decent income. This year, their chartered accountant suggested they create a separate Hindu Undivided Family (HUF) to help reduce their tax outgo.