NEW DELHI: India may 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% rise, which would be the first increase in their base pay since 2008.
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