Best part of budget for middle man

CA MANISH AGRAWAL (Practice) (539 Points)

28 February 2013  

The Finance Minister's budget proposal to offer an additional interest deduction of Rs 1 lakh on housing loans of upto Rs 25 lakh taken by first timehome buyers from housing finance companies and banks will increase demand for steel and cement and help boost new home ownership. The move is clearly aimed at raising the demand for core sector commodities like steel and cement which has been facing sluggish growth in the recent months.