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India said to mull tax incentives to spur investment in housing sector

Arun Jaitley has asked the state-owned National Housing Bank to design a programme to attract investments in the housing sector

Bloomberg 

India might offer more tax breaks to encourage investment in the housing sector as Prime Minister Narendra Modi looks to revive economic activity in Asia's third-largest economy, two people familiar with the matter said. Finance Minister Arun Jaitley has asked the state-owned National Housing Bank to design a programme to attract investments in the housing sector. The move comes shortly after a government panel recommended that salaries of federal employees rise 24 per cent, which would be the first increase in their base pay since 2008. The 13-member S&P BSE Realty Index rose the most ...

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First Published: Wed, November 25 2015. 00:02 IST
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