Income Tax Exemption Limit may be increased upto 3 Lakh on Home Loan Interest

As per IBN Live: 
In a bid to boost housing sector credit, the government is contemplating enhancing income tax exemption for up to Rs 3 lakh paid as interest on housing loans in a year, from the existing limit of Rs 1.5 lakh.

Source: http://ibnlive.in.com/news/home-loans-may-get-rs-3-lakh-tax-deduction/229651-7-172.html

As per Economic Times:
PTI Feb 9, 2012, 09.06PM IST

A key Parliamentary Committee will adopt tomorrow the crucial report on Direct Taxes Code (DTC) Bill and recommend raising the income tax exemption limit to Rs 3 lakh from Rs 1.8 lakh at present.
The Standing Committee on Finance, headed by former Finance Minister and senior BJP leader Yashwant Sinha, will discuss the final draft of the report on the DTC Bill during its day-long meeting tomorrow.
Source: http://articles.economictimes.indiatimes.com/2012-02-09/news/