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Monthly inflation moderates to 6.55 %
One step forward, two steps back
In this year's Union Budget, the finance minister has shown little generosity for home makers, mainly because of the country's weak fiscal situation. Increase in basic excise duty and service tax is expected to negate the moderate rise in disposable income arising from marginal tax benefits. So, the overall impact of the Budget is expected to be neutral to negative. The basic excise duty and service
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