in the coming fiscal with the budget proposing to raise a maximum of rs 50000 crore of money from the market in fy 14 double the amount of money raised through taxfree bonds in fy 13 infrastructure debt funds investors can also look forward to new investment avenue in the form of infrastructure debt funds while the structure of these debt funds will be clear later the government has announced that four infrastructure debt funds have been registered with sebi already of which two have been launched in feb 13 new investment avenues the budget has proposed introduction of new savings instruments with an intention to protect savings from inflation these new instruments will be launched in consultation with the reserve bank of india though no tax benefits are expected to be attached to these instruments investors can nevertheless expect a new savings avenue to diversify their savings donation section 80g of the income tax act that provides for exemption of any amount given as donation to specified institutions will now also include national children fund any amount donated to this fund will result in 100 deduction of the amount so donated