Budget 2013: Sectors on radar
Decision on FDI in insurance will be eagerly watched. The 49 percent FDI in insurance which has been on the back burner for quite some time now remains to be passed by the government.
Another major announcement awaited for the Insurance sector is the tax rebate under 80C. If government announces a separate provision of tax rebate, apart from 80C or hikes the tax exemption limit under 80C it will bring a positive response to the sector.
The Insurance sector’s stock might see a good rally.
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