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Allow 30% of income for deduction under savings scheme
by praveen kumar on Feb 16, 2010 01:30 PM

If the goverment wants to encourages savings & reduce inflation for its citizen , i would request the FM to allow 30% savings from salaried class to invest in PPF, Saving deposit ,Housing loan, LIC premia etc . This will not only give huge benefits for the goverment , it will suck out liqudity from the market , it will help taming inflation because people will save more.

regards

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