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2016-17 Union Budget:Highlights...
-No Service Tax for houses built under 60 square metres.
-1% tax hike on petrol and CNG
-2.5% tax hike on Diesel
-13 different cesses levied by various ministries with collections less than Rs.50 crore a year to be done away with.
-Rs. 1,060 crore revenue loss through direct tax proposals.
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