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Hindustan Times
Hindustan Times Thursday, July 10, 2014 | Last Updated 12:05 IST 
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Budget live: Tax incentives extended for home loans; Rs 70.6 bn to create 'smart cities'

Union finance minister Arun Jaitley while giving final touches to the Annual Budget 2014-15 in New Delhi on Wednesday. (PTI Photo)
India raised the foreign direct investment (FDI) limit to 49% in insurance and defence as finance minister Arun Jaitley presented his maiden budget aimed at boosting growth to create millions of new jobs. Jaitley also promised a stable tax regime and the formation of a high-level committee to deal with retrospective taxation, but refused to change rules in such cases.

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