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MORE SOPS FOR HOME LOANS LIKELY AS DEMAND SHRINKS (to 30% in 2006-2007 from 35-40% in 2005-2006; the Government proposes to raise the tax concession ceiling to Rs2,00,000).

India Business Insight

| February 27, 2007 | COPYRIGHT 2001 Silverline Information Systems Pvt. Ltd. (Hide copyright information)Copyright

(From India Business Insight)

The Ministry of Finance, Government of India, proposes to hike the tax concession ceiling to Rs2,00,000 from Rs1,50,000. The banks have raised the home loan rates by 50-75 basis points following the series of rate increases by the Reserve Bank of …

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