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Budget 2016: Hike in income tax slab, higher recapitalisation for PSBs likely

The government plans to hike the recapitalizing funds for the public sector banks. Hike in loan rebate, 100 percent FDI for asset reconstruction companies (ARCs) via the automatic route and sticking to fiscal deficit target of 3.5 percent are also on the cards, say sources.

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Loan Rebate

Budget 2016: Hike in income tax slab, higher recapitalisation for PSBs likely