In what can hold out hopes for lakhs of home owners, the urban development ministry is pushing a proposal to double the income tax relief on home loan interest payout to Rs 3 lakh, triple the exemption on payment of the principal amount and reduced interest rates for houses up to Rs 30 lakh.
Urban [...]

Finance Minister Pranab Mukherjee will present the Union Budget on July 3 while Railway Minister Mamata Banerjee will present the Rail Budget on July 1. The Economic Survey is said to be held on July 2.
The Union Budget ‘09 attains significant importance in the wake of the global financial crisis.

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