"Household savings need to be encouraged.... Tax exemption is seen as an important tool in that respect," a government official privy to deliberations said.
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Budget 2014: Government may increase individual tax benefits to boost household savings
Monday, 23 June 2014
The government could increase the tax benefits it offers to individuals, encouraging people to save after the Reserve Bank of India and stock market watchdog Sebi made a strong pitch for raising the limit to encourage financial savings to wean people away from gold.
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