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Union Budget 2016: Finance Minister Arun Jaitley is scheduled to present the NDA government's second full fledged budget on February 29, where expectation are high that the government may announce increase in tax exemption limit on savings. As private sector investment growth has remained tepid this year, higher savings are expected to make extra resources available to improve investment activity in the economy. Here are 5 things to know about this year's budget for FY17: (PTI)
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1. Bankers have already sought significant hike in tax breaks to promote savings in their pre budget suggestions to the finance ministry. The Reserve Bank of India has also pitched for the need to increase country’s savings. (Express photo)
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Finance Minister Arun Jaitley is scheduled to present the Union Budget on February 29.
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Finance Minister Arun Jaitley is scheduled to present the Union Budget on February 29.(PTI)
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Finance Minister Arun Jaitley is scheduled to present the Union Budget on February 29. (PTI)
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Stressing on making the most of the favourable low commodity prices, Finance Minister Arun Jaitley today said the country will have to become a low-cost manufacturing hub for success of the Make in India programme. (PTI)
e-Aadhaar app launch in India: Update your date of birth, address and phone number instantly with the upcoming all-in-one app
